31, TORCROSS WAY, REDCAR, TS10 2RU - £180,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

31 TORCROSS WAY is a large detached house of 120m², built sometime between 1991 and 1995. It was last sold for £180,000 in January 2012, which was around 1% above the average January 2012 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was September 2014, where the current energy rating was E, and the potential energy rating was B.

31 TORCROSS WAY Sold Prices

Land registry data shows four sales for 31 TORCROSS WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Redcar and Cleveland local authority area for the corresponding sale date. All of the four 31 TORCROSS 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
2012 9 JAN	£180,000	£179,063	1% above HPI
2006 3 JUL	£199,950	£179,594	11% above HPI
2004 19 JUL	£183,000	£156,286	17% above HPI
1999 19 NOV	£91,995	£80,281	15% above HPI

31 TORCROSS 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 four 31 TORCROSS WAY sales between November 1999 and January 2012 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 July 2006 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the January 2012 sale, where it falls to 1% above the HPI. The line then continues to track at 1% above the HPI.

How Large is 31 TORCROSS WAY?

31 TORCROSS WAY is 120m² according to the EPC inspection conducted in September 2014. This puts it in the largest 40% of detached houses in Redcar, based on EPC data. The below chart shows the distribution of detached houses by size in Redcar, and where 31 TORCROSS WAY lies on this distribution: 69% of detached houses are smaller than 31 TORCROSS WAY, and 30% of houses are larger. Note that EPC data is not available for all properties in Redcar.

31 TORCROSS WAY: Plot and Title Map

31 TORCROSS WAY sits on a plot of roughly 0.069 of an acre, or 281m². The below map shows the location of 31 TORCROSS 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 31 TORCROSS 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 31 TORCROSS WAY?

31 TORCROSS WAY is located in REDCAR, in the TS10 postcode district. The below map shows the position of No. 31 on TORCROSS WAY.