9, LOWESTOFT WAY, REDCAR, TS10 4GJ - £235,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

9 LOWESTOFT WAY is a large detached house of 130m², built sometime between 1996 and 2002. It was last sold for £235,000 in June 2021, which was around 8% above the average June 2021 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was February 2020, where the current energy rating was C, and the potential energy rating was B.

9 LOWESTOFT WAY Sold Prices

Land registry data shows three sales for 9 LOWESTOFT 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 9 LOWESTOFT WAY sales were 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 25 JUN	£235,000	£218,342	8% above HPI
2020 5 JUN	£190,000	£184,566	3% above HPI
2007 26 NOV	£225,000	£197,227	14% above HPI

9 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 three 9 LOWESTOFT WAY sales between November 2007 and June 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 2020 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the June 2021 sale, where it rises to 8% above the HPI. The line then continues to track at 8% above the HPI.

How Large is 9 LOWESTOFT WAY?

9 LOWESTOFT WAY is 130m² according to the EPC inspection conducted in February 2020. This puts it in the largest 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 9 LOWESTOFT WAY lies on this distribution: 79% of detached houses are smaller than 9 LOWESTOFT WAY, and 20% of houses are larger. Note that EPC data is not available for all properties in Redcar.

9 LOWESTOFT WAY: Plot and Title Map

9 LOWESTOFT WAY sits on a plot of roughly 0.083 of an acre, or 336m². The below map shows the location of 9 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 9 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 9 LOWESTOFT WAY?

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