5, LAX TERRACE, WOLVISTON, BILLINGHAM, TS22 5LE - £170,000

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

5 LAX TERRACE is a very small semi-detached house of 84m², built sometime between 1950 and 1966. It was last sold for £170,000 in September 2012, which was around 16% below the average September 2012 detached price in the Stockton-on-Tees local authority area. The most recent EPC inspection was April 2014, where the current energy rating was E, and the potential energy rating was B.

5 LAX TERRACE Sold Prices

Land registry data shows three sales for 5 LAX TERRACE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Stockton-on-Tees local authority area for the corresponding sale date. All of the three 5 LAX TERRACE 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
2012 21 SEP	£170,000	£202,417	16% below HPI
1998 24 JUL	£60,000	£78,491	24% below HPI
1996 25 APR	£64,000	£74,610	14% below HPI

5 LAX TERRACE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Stockton-on-Tees local authority area over time, sourced from the HPI. The three 5 LAX TERRACE sales between April 1996 and September 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 1998 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the September 2012 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 5 LAX TERRACE?

5 LAX TERRACE is 84m² according to the EPC inspection conducted in April 2014. This puts it in the smallest 10% of detached houses in Wolviston, based on EPC data. The below chart shows the distribution of detached houses by size in Wolviston, and where 5 LAX TERRACE lies on this distribution: Less than 1% of detached houses are smaller than 5 LAX TERRACE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Wolviston.

5 LAX TERRACE: Plot and Title Map

5 LAX TERRACE sits on a plot of roughly 0.031 of an acre, or 127m². The below map shows the location of 5 LAX TERRACE, 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 5 LAX TERRACE). 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 5 LAX TERRACE?

5 LAX TERRACE is located in WOLVISTON, in the TS22 postcode district. The below map shows the position of No. 5 on LAX TERRACE.