3, SALCOMBE WAY, REDCAR, TS10 2RB - £310,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

3 SALCOMBE WAY is a very large extended detached house of 157m², built sometime between 2003 and 2006, which could now be worth an estimated £307,308. It was last sold for £310,000 in October 2024, which was around 20% above the average October 2024 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was September 2023, where the current energy rating was C, and the potential energy rating was B.

3 SALCOMBE WAY Sold Prices

Land registry data shows five sales for 3 SALCOMBE WAY since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Redcar and Cleveland local authority area for the corresponding sale date. Most of the five 3 SALCOMBE WAY sales were for above 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
2024 17 OCT	£310,000	£258,102	20% above HPI
2005 12 APR	£169,995	£167,078	2% above HPI
2004 7 MAY	£149,000	£145,158	3% above HPI
2000 9 JUN	£76,000	£84,009	10% below HPI
1996 20 DEC	£75,995	£74,743	2% above HPI

3 SALCOMBE WAY 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 five 3 SALCOMBE WAY sales between December 1996 and October 2024 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 April 2005 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the October 2024 sale, where it rises to 20% above the HPI. The line then continues to track at 20% above the HPI.

What might 3 SALCOMBE WAY be worth now?

3 SALCOMBE WAY might now be worth an estimated £307,308.

This is based on house price deflation of 0.9%, between October 2024 and February 2025, for detached houses, in the Redcar and Cleveland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 0.9% deflationary decrease is applied to the most recent sale price for 3 SALCOMBE WAY of £310,000 on 17th October 2024. For the value to have decreased from £310,000 to £307,308 over the one year and eight months to February 2025, the following assumptions must hold true:

• The value of 3 SALCOMBE WAY has moved in line with the HPI for detached houses in the Redcar and Cleveland local authority area.
• The October 2024 sale price of £310,000 represented a fair market value for the property.
• The size, condition, and specification of 3 SALCOMBE WAY has not materially changed since October 2024.

How Large is 3 SALCOMBE WAY?

3 SALCOMBE WAY is 157m², which includes four extensions, according to the EPC inspection conducted in September 2023. This puts it in the largest 10% of detached houses houses in Redcar, based on EPC data. The below chart shows the distribution of detached houses houses by size in Redcar, and where 3 SALCOMBE WAY lies on this distribution: 91% of detached houses houses are smaller than 3 SALCOMBE WAY, and 9% of houses are larger. Note that EPC data is not available for all properties in Redcar.

3 SALCOMBE WAY: Plot and Title Map

3 SALCOMBE WAY sits on a plot of roughly 0.082 of an acre, or 332m². The below map shows the location of 3 SALCOMBE WAY, 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 SALCOMBE WAY). 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 SALCOMBE WAY?

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