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
61 WESTMORLAND ROAD is a very small extended detached house of 74m², built sometime between 1967 and 1975. It was last sold for £185,000 in April 2024, which was around 26% below the average April 2024 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was August 2014, where the current energy rating was D, and the potential energy rating was B.
Land registry data shows three sales for 61 WESTMORLAND ROAD since 1st 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. All of the three 61 WESTMORLAND ROAD 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 |
---|---|---|---|
2024 4 APR | £185,000 | £250,444 | 26% below HPI |
2009 17 APR | £95,000 | £181,154 | 48% below HPI |
1996 26 SEP | £50,050 | £75,217 | 33% below HPI |
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 61 WESTMORLAND ROAD sales between September 1996 and April 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 April 2009 sale was for 48% below the HPI. So the extrapolation line tracks at 48% below the HPI over time, until the April 2024 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.
61 WESTMORLAND ROAD is 74m², which includes one extension, according to the EPC inspection conducted in August 2014. This puts it in the smallest 20% of detached houses in Redcar, based on EPC data. The below chart shows the distribution of detached houses by size in Redcar, and where 61 WESTMORLAND ROAD lies on this distribution: 11% of detached houses are smaller than 61 WESTMORLAND ROAD, and 89% of houses are larger. Note that EPC data is not available for all properties in Redcar.
61 WESTMORLAND ROAD sits on a plot of roughly 0.097 of an acre, or 392m². The below map shows the location of 61 WESTMORLAND 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 61 WESTMORLAND 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.
61 WESTMORLAND ROAD is located in REDCAR, in the TS10 postcode district. The below map shows the position of No. 61 on WESTMORLAND ROAD.