5, PRINCIPAL ROAD, REDCAR, TS10 2GW - £242,000

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

5 PRINCIPAL ROAD is a small detached house of 89m². It was last sold for £242,000 in June 2023, which was around 3% below the average June 2023 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was June 2015, where the current energy rating was B, and the potential energy rating was A.

5 PRINCIPAL ROAD Sold Prices

Land registry data shows three sales for 5 PRINCIPAL ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Redcar and Cleveland local authority area for the corresponding sale date. One of the three 5 PRINCIPAL ROAD sales was for below the average price, whilst two 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
2023 16 JUN	£242,000	£249,499	3% below HPI
2016 29 APR	£187,500	£186,440	1% above HPI
2013 19 DEC	£189,950	£178,145	7% above HPI

5 PRINCIPAL ROAD 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 three 5 PRINCIPAL ROAD sales between December 2013 and June 2023 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 2016 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the June 2023 sale, where it falls to 3% below the HPI. The line then continues to track at 3% below the HPI.

How Large is 5 PRINCIPAL ROAD?

5 PRINCIPAL ROAD is 89m² according to the EPC inspection conducted in June 2015. This puts it in the smallest 30% of detached houses in Redcar, based on EPC data. The below chart shows the distribution of detached houses by size in Redcar, and where 5 PRINCIPAL ROAD lies on this distribution: 28% of detached houses are smaller than 5 PRINCIPAL ROAD, and 70% of houses are larger. Note that EPC data is not available for all properties in Redcar.

5 PRINCIPAL ROAD: Plot and Title Map

5 PRINCIPAL ROAD sits on a plot of roughly 0.050 of an acre, or 201m². The below map shows the location of 5 PRINCIPAL ROAD, 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 PRINCIPAL ROAD). 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 PRINCIPAL ROAD?

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