48, FERNWOOD, REDCAR, TS10 4NF - £140,000

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

48 FERNWOOD is a very small extended detached house of 82m², built sometime between 1983 and 1990. It was last sold for £140,000 in September 2021, which was around 36% below the average September 2021 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was March 2020, where the current energy rating was D, and the potential energy rating was B.

48 FERNWOOD Sold Prices

Land registry data shows four sales for 48 FERNWOOD 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 48 FERNWOOD sales were for below 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 24 SEP	£140,000	£218,759	36% below HPI
2003 26 MAR	£72,000	£101,445	29% below HPI
2000 21 JUL	£53,500	£82,519	35% below HPI
1999 28 MAY	£46,000	£75,158	39% below HPI

48 FERNWOOD 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 48 FERNWOOD sales between May 1999 and September 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 March 2003 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the September 2021 sale, where it falls to 36% below the HPI. The line then continues to track at 36% below the HPI.

How Large is 48 FERNWOOD?

48 FERNWOOD is 82m², which includes one extension, according to the EPC inspection conducted in March 2020. This puts it in the smallest 20% of detached houses in Redcar, based on EPC data. The below chart shows the distribution of detached houses by size in Redcar, and where 48 FERNWOOD lies on this distribution: 19% of detached houses are smaller than 48 FERNWOOD, and 81% of houses are larger. Note that EPC data is not available for all properties in Redcar.

48 FERNWOOD: Plot and Title Map

48 FERNWOOD sits on a plot of roughly 0.056 of an acre, or 226m². The below map shows the location of 48 FERNWOOD, 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 48 FERNWOOD). 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 48 FERNWOOD?

48 FERNWOOD is located in REDCAR, in the TS10 postcode district. The below map shows the position of No. 48 on FERNWOOD.