38, REDCAR LANE, REDCAR, TS10 2JN - £235,000

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

38 REDCAR LANE is a large extended detached house of 118m², built sometime between 1950 and 1966. It was last sold for £235,000 in May 2021, which was around 8% above the average May 2021 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was September 2010, where the current energy rating was C, and the potential energy rating was C.

38 REDCAR LANE Sold Prices

Land registry data shows two sales for 38 REDCAR LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Redcar and Cleveland local authority area for the corresponding sale date. Both of the two 38 REDCAR LANE 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
2021 20 MAY	£235,000	£216,686	8% above HPI
2012 24 AUG	£230,000	£176,094	31% above HPI

38 REDCAR LANE 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 two 38 REDCAR LANE sales from August 2012 and May 2021 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 August 2012 sale was for 31% above the HPI. So the extrapolation line tracks at 31% above the HPI over time, until the May 2021 sale, where it falls to 8% above the HPI. The line then continues to track at 8% above the HPI.

How Large is 38 REDCAR LANE?

38 REDCAR LANE is 118m², which includes one extension, according to the EPC inspection conducted in September 2010. 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 38 REDCAR LANE lies on this distribution: 66% of detached houses are smaller than 38 REDCAR LANE, and 34% of houses are larger. Note that EPC data is not available for all properties in Redcar.

38 REDCAR LANE: Plot and Title Map

38 REDCAR LANE sits on a plot of roughly 0.133 of an acre, or 537m². The below map shows the location of 38 REDCAR LANE, 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 38 REDCAR LANE). 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 38 REDCAR LANE?

38 REDCAR LANE is located in REDCAR, in the TS10 postcode district. The below map shows the position of No. 38 on REDCAR LANE.