9, SHEERNESS WAY, REDCAR, TS10 2RQ - £339,950

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

9 SHEERNESS WAY is a very large detached house of 140m², built sometime between 2003 and 2006, which could now be worth an estimated £334,299. It was last sold for £339,950 in November 2024, which was around 31% above the average November 2024 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was August 2024, where the current energy rating was C, and the potential energy rating was B.

9 SHEERNESS WAY Sold Prices

Land registry data shows two sales for 9 SHEERNESS 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. Both of the two 9 SHEERNESS 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
2024 15 NOV	£339,950	£260,186	31% above HPI
1996 5 JUL	£93,500	£73,371	27% above HPI

9 SHEERNESS 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 SHEERNESS WAY sales from July 1996 and November 2024 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 July 1996 sale was for 27% above the HPI. So the extrapolation line tracks at 27% above the HPI over time, until the November 2024 sale, where it rises to 31% above the HPI. The line then continues to track at 31% above the HPI.

What might 9 SHEERNESS WAY be worth now?

9 SHEERNESS WAY might now be worth an estimated £334,299.

This is based on house price deflation of 1.7%, between November 2024 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 1.7% deflationary decrease is applied to the most recent sale price for 9 SHEERNESS WAY of £339,950 on 15th November 2024. For the value to have decreased from £339,950 to £334,299 over the one year and nine months to February 2025, the following assumptions must hold true:

• The value of 9 SHEERNESS WAY has moved in line with the HPI for detached houses in the Redcar and Cleveland local authority area.
• The November 2024 sale price of £339,950 represented a fair market value for the property.
• The size, condition, and specification of 9 SHEERNESS WAY has not materially changed since November 2024.

How Large is 9 SHEERNESS WAY?

9 SHEERNESS WAY is 140m² according to the EPC inspection conducted in August 2024. This puts it in the largest 20% 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 SHEERNESS WAY lies on this distribution: 85% of detached houses houses are smaller than 9 SHEERNESS WAY, and 14% of houses are larger. Note that EPC data is not available for all properties in Redcar.

9 SHEERNESS WAY: Plot and Title Map

9 SHEERNESS WAY sits on a plot of roughly 0.088 of an acre, or 357m². The below map shows the location of 9 SHEERNESS 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 SHEERNESS 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 SHEERNESS WAY?

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