8, PRINCIPAL ROAD, REDCAR, TS10 2GW - £187,500

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 PRINCIPAL ROAD is a midsized detached house of 101m², which could now be worth an estimated £198,568. It was last sold for £187,500 in July 2022, which was around 22% below the average July 2022 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was April 2017, where the current energy rating was B, and the potential energy rating was A.

8 PRINCIPAL ROAD Sold Prices

Land registry data shows two sales for 8 PRINCIPAL ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Redcar and Cleveland local authority area for the corresponding sale date. One of the two 8 PRINCIPAL ROAD sales was for below the average price, whilst the other 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
2022 14 JUL	£187,500	£241,599	22% below HPI
2015 18 DEC	£184,950	£182,003	2% above HPI

8 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 two 8 PRINCIPAL ROAD sales from December 2015 and July 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 December 2015 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the July 2022 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 8 PRINCIPAL ROAD be worth now?

8 PRINCIPAL ROAD might now be worth an estimated £198,568.

This is based on house price inflation of 5.9%, between July 2022 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 5.9% inflationary increase is applied to the most recent sale price for 8 PRINCIPAL ROAD of £187,500 on 14th July 2022. For the value to have increased from £187,500 to £198,568 over the three years and five months to February 2025, the following assumptions must hold true:

• The value of 8 PRINCIPAL ROAD has moved in line with the HPI for detached houses in the Redcar and Cleveland local authority area.
• The July 2022 sale price of £187,500 represented a fair market value for the property.
• The size, condition, and specification of 8 PRINCIPAL ROAD has not materially changed since July 2022.

How Large is 8 PRINCIPAL ROAD?

8 PRINCIPAL ROAD is 101m² according to the EPC inspection conducted in April 2017. This puts it in the smallest 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 PRINCIPAL ROAD lies on this distribution: 45% of detached houses houses are smaller than 8 PRINCIPAL ROAD, and 54% of houses are larger. Note that EPC data is not available for all properties in Redcar.

8 PRINCIPAL ROAD: Plot and Title Map

8 PRINCIPAL ROAD sits on a plot of roughly 4.8 acres, or 19,302m². The below map shows the location of 8 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 8 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 8 PRINCIPAL ROAD?

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