42, TORCROSS WAY, REDCAR, TS10 2RU - £255,000

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

42 TORCROSS WAY is a midsized extended detached house of 99m², built sometime between 1996 and 2002. It was last sold for £255,000 in July 2022, which was around 5% above the average July 2022 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was February 2015, where the current energy rating was D, and the potential energy rating was B.

42 TORCROSS WAY Sold Prices

Land registry data shows two sales for 42 TORCROSS WAY 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 42 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
2022 22 JUL	£255,000	£242,078	5% above HPI
2000 10 JAN	£91,000	£80,588	13% above HPI

42 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 two 42 TORCROSS WAY sales from January 2000 and July 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 January 2000 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the July 2022 sale, where it falls to 5% above the HPI. The line then continues to track at 5% above the HPI.

How Large is 42 TORCROSS WAY?

42 TORCROSS WAY is 99m², which includes two extensions, according to the EPC inspection conducted in February 2015. 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 42 TORCROSS WAY lies on this distribution: 41% of detached houses are smaller than 42 TORCROSS WAY, and 58% of houses are larger. Note that EPC data is not available for all properties in Redcar.

42 TORCROSS WAY: Plot and Title Map

42 TORCROSS WAY sits on a plot of roughly 0.063 of an acre, or 255m². The below map shows the location of 42 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 42 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 42 TORCROSS WAY?

42 TORCROSS WAY is located in REDCAR, in the TS10 postcode district. The below map shows the position of No. 42 on TORCROSS WAY.