40, TORCROSS WAY, REDCAR, TS10 2RU - £190,000

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

40 TORCROSS WAY is a midsized detached house of 103m², built sometime between 1996 and 2002. It was last sold for £190,000 in May 2020, which was around 2% above the average May 2020 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was February 2020, where the current energy rating was D, and the potential energy rating was C.

40 TORCROSS WAY Sold Prices

Land registry data shows four sales for 40 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 40 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
2020 22 MAY	£190,000	£186,839	2% above HPI
2006 28 APR	£192,500	£175,869	9% above HPI
2004 13 FEB	£169,500	£134,851	26% above HPI
1999 29 OCT	£87,950	£80,349	9% above HPI

40 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 40 TORCROSS WAY sales between October 1999 and May 2020 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 2006 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the May 2020 sale, where it falls to 2% above the HPI. The line then continues to track at 2% above the HPI.

How Large is 40 TORCROSS WAY?

40 TORCROSS WAY is 103m² according to the EPC inspection conducted in February 2020. 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 40 TORCROSS WAY lies on this distribution: 47% of detached houses are smaller than 40 TORCROSS WAY, and 53% of houses are larger. Note that EPC data is not available for all properties in Redcar.

40 TORCROSS WAY: Plot and Title Map

40 TORCROSS WAY sits on a plot of roughly 0.071 of an acre, or 287m². The below map shows the location of 40 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 40 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 40 TORCROSS WAY?

40 TORCROSS WAY is located in REDCAR, in the TS10 postcode district. The below map shows the position of No. 40 on TORCROSS WAY.