7, MAGNOLIA COURT, REDCAR, TS10 2UB - £192,500

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

7 MAGNOLIA COURT is a small detached house of 87m², built sometime between 2003 and 2006. It was last sold for £192,500 in January 2021, which was around 8% below the average January 2021 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was September 2013, where the current energy rating was C, and the potential energy rating was B.

7 MAGNOLIA COURT Sold Prices

Land registry data shows three sales for 7 MAGNOLIA COURT 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 MAGNOLIA COURT 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
2021 4 JAN	£192,500	£209,908	8% below HPI
2013 18 NOV	£170,000	£180,312	6% below HPI
2002 6 SEP	£85,950	£103,623	17% below HPI

7 MAGNOLIA COURT 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 MAGNOLIA COURT sales between September 2002 and January 2021 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 November 2013 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the January 2021 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

How Large is 7 MAGNOLIA COURT?

7 MAGNOLIA COURT is 87m² according to the EPC inspection conducted in September 2013. 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 MAGNOLIA COURT lies on this distribution: 24% of detached houses are smaller than 7 MAGNOLIA COURT, and 75% of houses are larger. Note that EPC data is not available for all properties in Redcar.

7 MAGNOLIA COURT: Plot and Title Map

7 MAGNOLIA COURT sits on a plot of roughly 0.060 of an acre, or 242m². The below map shows the location of 7 MAGNOLIA COURT, 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 MAGNOLIA COURT). 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 MAGNOLIA COURT?

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