54, FERNWOOD, REDCAR, TS10 4NF - £86,000

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

54 FERNWOOD is a very small detached house of 55m², built sometime between 1967 and 1975. It was last sold for £86,000 in December 2015, which was around 53% below the average December 2015 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was February 2015, where the current energy rating was E, and the potential energy rating was B.

54 FERNWOOD Sold Prices

Land registry data shows four sales for 54 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 54 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
2015 22 DEC	£86,000	£182,363	53% below HPI
2007 18 SEP	£112,000	£202,725	45% below HPI
2004 29 JUN	£93,200	£150,563	38% below HPI
1999 5 NOV	£37,950	£80,281	53% below HPI

54 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 54 FERNWOOD sales between November 1999 and December 2015 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 September 2007 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the December 2015 sale, where it falls to 53% below the HPI. The line then continues to track at 53% below the HPI.

How Large is 54 FERNWOOD?

54 FERNWOOD is 55m² according to the EPC inspection conducted in February 2015. This puts it in the smallest 10% of detached houses in Redcar, based on EPC data. The below chart shows the distribution of detached houses by size in Redcar, and where 54 FERNWOOD lies on this distribution: 1% of detached houses are smaller than 54 FERNWOOD, and 98% of houses are larger. Note that EPC data is not available for all properties in Redcar.

54 FERNWOOD: Plot and Title Map

54 FERNWOOD sits on a plot of roughly 0.043 of an acre, or 175m². The below map shows the location of 54 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 54 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 54 FERNWOOD?

54 FERNWOOD is located in REDCAR, in the TS10 postcode district. The below map shows the position of No. 54 on FERNWOOD.