3, PENNINE CRESCENT, REDCAR, TS10 4AE - £120,000

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 PENNINE CRESCENT is a very small detached house of 81m², built sometime between 1967 and 1975. It was last sold for £120,000 in December 2014, which was around 34% below the average December 2014 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was August 2014, where the current energy rating was D, and the potential energy rating was C.

3 PENNINE CRESCENT Sold Prices

Land registry data shows three sales for 3 PENNINE CRESCENT 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 PENNINE CRESCENT 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
2014 19 DEC	£120,000	£182,563	34% below HPI
2002 6 NOV	£59,500	£105,565	44% below HPI
1995 13 APR	£35,000	£76,247	54% below HPI

3 PENNINE CRESCENT 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 PENNINE CRESCENT sales between April 1995 and December 2014 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 November 2002 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the December 2014 sale, where it rises to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is 3 PENNINE CRESCENT?

3 PENNINE CRESCENT is 81m² according to the EPC inspection conducted in August 2014. This puts it in the smallest 20% 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 PENNINE CRESCENT lies on this distribution: 17% of detached houses are smaller than 3 PENNINE CRESCENT, and 81% of houses are larger. Note that EPC data is not available for all properties in Redcar.

3 PENNINE CRESCENT: Plot and Title Map

3 PENNINE CRESCENT sits on a plot of roughly 0.073 of an acre, or 297m². The below map shows the location of 3 PENNINE CRESCENT, 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 PENNINE CRESCENT). 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 PENNINE CRESCENT?

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