3, LUCERNE ROAD, REDCAR, TS10 1JJ - £157,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

3 LUCERNE ROAD is a very large extended detached house of 158m², built sometime between 1930 and 1949. It was last sold for £157,000 in April 2019, which was around 15% below the average April 2019 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was June 2014, where the current energy rating was E, and the potential energy rating was D.

3 LUCERNE ROAD Sold Prices

Land registry data shows three sales for 3 LUCERNE ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Redcar and Cleveland local authority area for the corresponding sale date. All of the three 3 LUCERNE ROAD sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2019 17 APR	£157,000	£185,473	15% below HPI
2006 1 SEP	£154,950	£185,938	17% below HPI
2002 1 FEB	£65,000	£90,667	28% below HPI

3 LUCERNE ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Redcar and Cleveland local authority area over time, sourced from the HPI. The three 3 LUCERNE ROAD sales between February 2002 and April 2019 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the September 2006 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the April 2019 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 3 LUCERNE ROAD?

3 LUCERNE ROAD is 158m², which includes two extensions, according to the EPC inspection conducted in June 2014. This puts it in the largest 10% of detached houses in Redcar, based on EPC data. The below chart shows the distribution of detached houses by size in Redcar, and where 3 LUCERNE ROAD lies on this distribution: 92% of detached houses are smaller than 3 LUCERNE ROAD, and 8% of houses are larger. Note that EPC data is not available for all properties in Redcar.

3 LUCERNE ROAD: Plot and Title Map

3 LUCERNE ROAD sits on a plot of roughly 0.079 of an acre, or 318m². The below map shows the location of 3 LUCERNE ROAD, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 3 LUCERNE ROAD). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 3 LUCERNE ROAD?

3 LUCERNE ROAD is located in REDCAR, in the TS10 postcode district. The below map shows the position of No. 3 on LUCERNE ROAD.