BURSEA, WHITBY ROAD, EASINGTON, SALTBURN-BY-THE-SEA, TS13 4NW - £123,000

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

BURSEA is a large detached house of 111m², built sometime between 1950 and 1966. It was last sold for £123,000 in December 2013, which was around 31% below the average December 2013 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was May 2012, where the current energy rating was E, and the potential energy rating was B.

BURSEA Sold Prices

Land registry data shows two sales for BURSEA 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 BURSEA 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
2013 18 DEC	£123,000	£178,145	31% below HPI
1996 23 FEB	£54,000	£71,778	25% below HPI

BURSEA 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 BURSEA sales from February 1996 and December 2013 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 February 1996 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the December 2013 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is BURSEA?

BURSEA is 111m² according to the EPC inspection conducted in May 2012. This puts it in the largest 40% of detached houses in Easington, based on EPC data. The below chart shows the distribution of detached houses by size in Easington, and where BURSEA lies on this distribution: 65% of detached houses are smaller than BURSEA, and 35% of houses are larger. Note that EPC data is not available for all properties in Easington.

BURSEA: Plot and Title Map

BURSEA sits on a plot of roughly 0.115 of an acre, or 463m². The below map shows the location of BURSEA, 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 BURSEA). 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 BURSEA?

BURSEA is located on WHITBY ROAD in EASINGTON, in the TS13 postcode district. The below map shows the position of BURSEA on WHITBY ROAD.