8, OVERCOMBE WAY, REDCAR, TS10 4GN - £180,000

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

8 OVERCOMBE WAY is a small extended detached house of 93m², built sometime between 2007 and 2011. It was last sold for £180,000 in March 2023, which was around 25% below the average March 2023 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was September 2022, where the current energy rating was C, and the potential energy rating was B.

8 OVERCOMBE WAY Sold Prices

Land registry data shows three sales for 8 OVERCOMBE 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 8 OVERCOMBE 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
2023 17 MAR	£180,000	£241,430	25% below HPI
2017 31 AUG	£135,000	£191,884	30% below HPI
2017 27 JUL	£145,000	£187,618	23% below HPI

8 OVERCOMBE 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 8 OVERCOMBE WAY sales between July 2017 and March 2023 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 August 2017 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the March 2023 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 8 OVERCOMBE WAY?

8 OVERCOMBE WAY is 93m², which includes three extensions, according to the EPC inspection conducted in September 2022. This puts it in the smallest 40% of detached houses in Redcar, based on EPC data. The below chart shows the distribution of detached houses by size in Redcar, and where 8 OVERCOMBE WAY lies on this distribution: 34% of detached houses are smaller than 8 OVERCOMBE WAY, and 65% of houses are larger. Note that EPC data is not available for all properties in Redcar.

8 OVERCOMBE WAY: Plot and Title Map

8 OVERCOMBE WAY sits on a plot of roughly 0.052 of an acre, or 212m². The below map shows the location of 8 OVERCOMBE 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 OVERCOMBE 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 OVERCOMBE WAY?

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