5, SALCOMBE WAY, REDCAR, TS10 2RB - £273,000

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 SALCOMBE WAY is a large detached house of 123m², built sometime between 1996 and 2002. It was last sold for £273,000 in March 2024, which was around 11% above the average March 2024 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was November 2017, where the current energy rating was C, and the potential energy rating was B.

5 SALCOMBE WAY Sold Prices

Land registry data shows four sales for 5 SALCOMBE WAY 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 5 SALCOMBE 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
2024 15 MAR	£273,000	£246,054	11% above HPI
2021 28 MAY	£225,000	£216,686	4% above HPI
2018 29 MAR	£190,000	£186,157	2% above HPI
2002 20 DEC	£119,500	£107,774	11% above HPI

5 SALCOMBE 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 four 5 SALCOMBE WAY sales between December 2002 and March 2024 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 May 2021 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the March 2024 sale, where it rises to 11% above the HPI. The line then continues to track at 11% above the HPI.

How Large is 5 SALCOMBE WAY?

5 SALCOMBE WAY is 123m² according to the EPC inspection conducted in November 2017. This puts it in the largest 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 SALCOMBE WAY lies on this distribution: 72% of detached houses are smaller than 5 SALCOMBE WAY, and 27% of houses are larger. Note that EPC data is not available for all properties in Redcar.

5 SALCOMBE WAY: Plot and Title Map

5 SALCOMBE WAY sits on a plot of roughly 0.061 of an acre, or 248m². The below map shows the location of 5 SALCOMBE 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 SALCOMBE 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 SALCOMBE WAY?

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