7, CORMORANT DRIVE, REDCAR, TS10 2QD - £235,000

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

7 CORMORANT DRIVE is a midsized detached house of 109m², built sometime between 1991 and 1995. It was last sold for £235,000 in September 2015, which was around 27% above the average September 2015 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was July 2015, where the current energy rating was C, and the potential energy rating was B.

7 CORMORANT DRIVE Sold Prices

Land registry data shows three sales for 7 CORMORANT DRIVE 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. All of the three 7 CORMORANT DRIVE 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
2015 24 SEP	£235,000	£184,452	27% above HPI
2005 27 MAY	£222,500	£168,925	32% above HPI
1997 28 FEB	£79,500	£72,758	9% above HPI

7 CORMORANT DRIVE 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 7 CORMORANT DRIVE sales between February 1997 and September 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 May 2005 sale was for 32% above the HPI. So the extrapolation line tracks at 32% above the HPI over time, until the September 2015 sale, where it falls to 27% above the HPI. The line then continues to track at 27% above the HPI.

How Large is 7 CORMORANT DRIVE?

7 CORMORANT DRIVE is 109m² according to the EPC inspection conducted in July 2015. This puts it in the largest 50% of detached houses in Redcar, based on EPC data. The below chart shows the distribution of detached houses by size in Redcar, and where 7 CORMORANT DRIVE lies on this distribution: 55% of detached houses are smaller than 7 CORMORANT DRIVE, and 44% of houses are larger. Note that EPC data is not available for all properties in Redcar.

7 CORMORANT DRIVE: Plot and Title Map

7 CORMORANT DRIVE sits on a plot of roughly 0.081 of an acre, or 329m². The below map shows the location of 7 CORMORANT DRIVE, 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 7 CORMORANT DRIVE). 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 7 CORMORANT DRIVE?

7 CORMORANT DRIVE is located in REDCAR, in the TS10 postcode district. The below map shows the position of No. 7 on CORMORANT DRIVE.