3, SHEERNESS WAY, REDCAR, TS10 2RQ - £245,000

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 SHEERNESS WAY is a midsized extended detached house of 103m², built sometime between 1996 and 2002. It was last sold for £245,000 in March 2022, which was around 6% above the average March 2022 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was December 2021, where the current energy rating was C, and the potential energy rating was C.

3 SHEERNESS WAY Sold Prices

Land registry data shows three sales for 3 SHEERNESS WAY 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 SHEERNESS 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
2022 11 MAR	£245,000	£230,190	6% above HPI
1999 29 OCT	£82,500	£80,349	3% above HPI
1996 23 FEB	£77,250	£71,778	8% above HPI

3 SHEERNESS 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 three 3 SHEERNESS WAY sales between February 1996 and March 2022 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 October 1999 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the March 2022 sale, where it rises to 6% above the HPI. The line then continues to track at 6% above the HPI.

How Large is 3 SHEERNESS WAY?

3 SHEERNESS WAY is 103m², which includes one extension, according to the EPC inspection conducted in December 2021. This puts it in the smallest 50% 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 SHEERNESS WAY lies on this distribution: 47% of detached houses are smaller than 3 SHEERNESS WAY, and 53% of houses are larger. Note that EPC data is not available for all properties in Redcar.

3 SHEERNESS WAY: Plot and Title Map

3 SHEERNESS WAY sits on a plot of roughly 0.065 of an acre, or 263m². The below map shows the location of 3 SHEERNESS 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 SHEERNESS 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 SHEERNESS WAY?

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