7, PRINCIPAL ROAD, REDCAR, TS10 2GW - £179,000

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

7 PRINCIPAL ROAD is a small detached house of 89m². It was last sold for £179,000 in August 2021, which was around 17% below the average August 2021 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was February 2021, where the current energy rating was B, and the potential energy rating was A.

7 PRINCIPAL ROAD Sold Prices

Land registry data shows three sales for 7 PRINCIPAL ROAD 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. Two of the three 7 PRINCIPAL ROAD sales were for below the average price, whilst one was 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
2021 20 AUG	£179,000	£216,353	17% below HPI
2018 17 MAY	£2,500	£187,943	99% below HPI
2013 20 DEC	£189,950	£178,145	7% above HPI

7 PRINCIPAL ROAD 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 PRINCIPAL ROAD sales between December 2013 and August 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 May 2018 sale was for 99% below the HPI. So the extrapolation line tracks at 99% below the HPI over time, until the August 2021 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 7 PRINCIPAL ROAD?

7 PRINCIPAL ROAD is 89m² according to the EPC inspection conducted in February 2021. 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 PRINCIPAL ROAD lies on this distribution: 28% of detached houses are smaller than 7 PRINCIPAL ROAD, and 70% of houses are larger. Note that EPC data is not available for all properties in Redcar.

7 PRINCIPAL ROAD: Plot and Title Map

7 PRINCIPAL ROAD sits on a plot of roughly 0.054 of an acre, or 220m². The below map shows the location of 7 PRINCIPAL 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 7 PRINCIPAL 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.

Where is 7 PRINCIPAL ROAD?

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