9, GILLING WAY, REDCAR, TS10 2LW - £163,000

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

9 GILLING WAY is a small detached house of 87m², built sometime between 1950 and 1966, which could now be worth an estimated £249,616. It was last sold for £163,000 in April 2005, which was around 2% below the average April 2005 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was October 2012, where the current energy rating was D, and the potential energy rating was B.

9 GILLING WAY Sold Prices

Land registry data shows two sales for 9 GILLING WAY 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 9 GILLING WAY 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
2005 15 APR	£163,000	£167,078	2% below HPI
2002 29 NOV	£130,000	£105,356	23% above HPI

9 GILLING 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 two 9 GILLING WAY sales from November 2002 and April 2005 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 2002 sale was for 23% above the HPI. So the extrapolation line tracks at 23% above the HPI over time, until the April 2005 sale, where it falls to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might 9 GILLING WAY be worth now?

9 GILLING WAY might now be worth an estimated £249,616.

This is based on house price inflation of 53.1%, between April 2005 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 53.1% inflationary increase is applied to the most recent sale price for 9 GILLING WAY of £163,000 on 15th April 2005. For the value to have increased from £163,000 to £249,616 over the twenty years and two months to February 2025, the following assumptions must hold true:

• The value of 9 GILLING WAY has moved in line with the HPI for detached houses in the Redcar and Cleveland local authority area.
• The April 2005 sale price of £163,000 represented a fair market value for the property.
• The size, condition, and specification of 9 GILLING WAY has not materially changed since April 2005.

How Large is 9 GILLING WAY?

9 GILLING WAY is 87m² according to the EPC inspection conducted in October 2012. This puts it in the smallest 30% 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 9 GILLING WAY lies on this distribution: 24% of detached houses houses are smaller than 9 GILLING WAY, and 75% of houses are larger. Note that EPC data is not available for all properties in Redcar.

9 GILLING WAY: Plot and Title Map

9 GILLING WAY sits on a plot of roughly 0.120 of an acre, or 484m². The below map shows the location of 9 GILLING 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 9 GILLING 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 9 GILLING WAY?

9 GILLING WAY is located in REDCAR, in the TS10 postcode district. The below map shows the position of No. 9 on GILLING WAY.