7, LOWESTOFT WAY, REDCAR, TS10 4GJ - £173,000

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 LOWESTOFT WAY is a small extended detached house of 86m², built sometime from 2007 onwards. It was last sold for £173,000 in October 2022, which was around 30% below the average October 2022 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was February 2014, where the current energy rating was C, and the potential energy rating was B.

7 LOWESTOFT WAY Sold Prices

Land registry data shows three sales for 7 LOWESTOFT WAY 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 LOWESTOFT WAY 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
2022 13 OCT	£173,000	£248,783	30% below HPI
2014 17 APR	£155,000	£188,682	18% below HPI
2007 12 OCT	£165,000	£202,250	18% below HPI

7 LOWESTOFT 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 three 7 LOWESTOFT WAY sales between October 2007 and October 2022 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 2014 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the October 2022 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 7 LOWESTOFT WAY?

7 LOWESTOFT WAY is 86m², which includes three extensions, according to the EPC inspection conducted in February 2014. 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 7 LOWESTOFT WAY lies on this distribution: 23% of detached houses are smaller than 7 LOWESTOFT WAY, and 76% of houses are larger. Note that EPC data is not available for all properties in Redcar.

7 LOWESTOFT WAY: Plot and Title Map

7 LOWESTOFT WAY sits on a plot of roughly 0.062 of an acre, or 249m². The below map shows the location of 7 LOWESTOFT 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 7 LOWESTOFT 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 7 LOWESTOFT WAY?

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