5, LOWESTOFT WAY, REDCAR, TS10 4GJ - £200,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

5 LOWESTOFT WAY is a small detached house of 94m², built sometime from 2007 onwards, which could now be worth an estimated £211,806. It was last sold for £200,000 in July 2022, which was around 17% below the average July 2022 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was May 2017, where the current energy rating was C, and the potential energy rating was B.

5 LOWESTOFT WAY Sold Prices

Land registry data shows two sales for 5 LOWESTOFT 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 5 LOWESTOFT WAY 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
2022 21 JUL	£200,000	£241,599	17% below HPI
2007 10 OCT	£165,000	£201,850	18% below HPI

5 LOWESTOFT 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 5 LOWESTOFT WAY sales from October 2007 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 October 2007 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the July 2022 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 5 LOWESTOFT WAY be worth now?

5 LOWESTOFT WAY might now be worth an estimated £211,806.

This is based on house price inflation of 5.9%, between July 2022 and February 2025, for detached houses, in the Redcar and Cleveland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 5.9% inflationary increase is applied to the most recent sale price for 5 LOWESTOFT WAY of £200,000 on 21st July 2022. For the value to have increased from £200,000 to £211,806 over the three years and five months to February 2025, the following assumptions must hold true:

• The value of 5 LOWESTOFT WAY has moved in line with the HPI for detached houses in the Redcar and Cleveland local authority area.
• The July 2022 sale price of £200,000 represented a fair market value for the property.
• The size, condition, and specification of 5 LOWESTOFT WAY has not materially changed since July 2022.

How Large is 5 LOWESTOFT WAY?

5 LOWESTOFT WAY is 94m² according to the EPC inspection conducted in May 2017. This puts it in the smallest 40% of detached houses houses in Redcar, based on EPC data. The below chart shows the distribution of detached houses houses by size in Redcar, and where 5 LOWESTOFT WAY lies on this distribution: 35% of detached houses houses are smaller than 5 LOWESTOFT WAY, and 64% of houses are larger. Note that EPC data is not available for all properties in Redcar.

5 LOWESTOFT WAY: Plot and Title Map

5 LOWESTOFT WAY sits on a plot of roughly 0.055 of an acre, or 221m². The below map shows the location of 5 LOWESTOFT 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 5 LOWESTOFT 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 5 LOWESTOFT WAY?

5 LOWESTOFT WAY is located in REDCAR, in the TS10 postcode district. The below map shows the position of No. 5 on LOWESTOFT WAY.