8, LOWESTOFT WAY, REDCAR, TS10 4GJ - £192,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

8 LOWESTOFT WAY is a midsized extended detached house of 112m², built sometime between 2007 and 2011, which could now be worth an estimated £225,595. It was last sold for £192,500 in September 2021, which was around 12% below the average September 2021 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was September 2020, where the current energy rating was C, and the potential energy rating was B.

8 LOWESTOFT WAY Sold Prices

Land registry data shows six sales for 8 LOWESTOFT WAY since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Redcar and Cleveland local authority area for the corresponding sale date. All of the six 8 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
2021 3 SEP	£192,500	£218,326	12% below HPI
2018 1 JUN	£169,950	£189,875	10% below HPI
2015 13 MAR	£155,000	£183,722	16% below HPI
2014 28 NOV	£165,000	£182,623	10% below HPI
2010 29 JAN	£175,000	£187,907	7% below HPI
2007 27 JUL	£175,750	£194,825	10% below HPI

8 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 six 8 LOWESTOFT WAY sales between July 2007 and September 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 June 2018 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the September 2021 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 8 LOWESTOFT WAY be worth now?

8 LOWESTOFT WAY might now be worth an estimated £225,595.

This is based on house price inflation of 17.2%, between September 2021 and February 2025, for detached houses, in the Redcar and Cleveland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 17.2% inflationary increase is applied to the most recent sale price for 8 LOWESTOFT WAY of £192,500 on 3rd September 2021. For the value to have increased from £192,500 to £225,595 over the four years and seven months to February 2025, the following assumptions must hold true:

• The value of 8 LOWESTOFT WAY has moved in line with the HPI for detached houses in the Redcar and Cleveland local authority area.
• The September 2021 sale price of £192,500 represented a fair market value for the property.
• The size, condition, and specification of 8 LOWESTOFT WAY has not materially changed since September 2021.

How Large is 8 LOWESTOFT WAY?

8 LOWESTOFT WAY is 112m², which includes one extension, according to the EPC inspection conducted in September 2020. This puts it in the largest 50% of detached houses houses in Redcar, based on EPC data. The below chart shows the distribution of detached houses houses by size in Redcar, and where 8 LOWESTOFT WAY lies on this distribution: 58% of detached houses houses are smaller than 8 LOWESTOFT WAY, and 41% of houses are larger. Note that EPC data is not available for all properties in Redcar.

8 LOWESTOFT WAY: Plot and Title Map

8 LOWESTOFT WAY sits on a plot of roughly 0.053 of an acre, or 213m². The below map shows the location of 8 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 8 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 8 LOWESTOFT WAY?

8 LOWESTOFT WAY is located in REDCAR, in the TS10 postcode district. The below map shows the position of No. 8 on LOWESTOFT WAY.