RAYMOND COTTAGE, NORTH ROAD, LOFTUS, SALTBURN-BY-THE-SEA, TS13 4HP - £135,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

RAYMOND COTTAGE is a midsized extended detached house of 103m², built sometime before 1900. It was last sold for £135,000 in January 2018, which was around 30% below the average January 2018 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was April 2015, where the current energy rating was G, and the potential energy rating was D.

RAYMOND COTTAGE Sold Prices

Land registry data shows two sales for RAYMOND COTTAGE 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 RAYMOND COTTAGE 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
2018 24 JAN	£135,000	£192,706	30% below HPI
2013 27 FEB	£125,000	£178,099	30% below HPI

RAYMOND COTTAGE 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 RAYMOND COTTAGE sales from February 2013 and January 2018 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 2013 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the January 2018 sale, which was also at 30% below the HPI.

How Large is RAYMOND COTTAGE?

RAYMOND COTTAGE is 103m², which includes one extension, according to the EPC inspection conducted in April 2015. This puts it in the largest 50% of detached houses in Loftus, based on EPC data. The below chart shows the distribution of detached houses by size in Loftus, and where RAYMOND COTTAGE lies on this distribution: 51% of detached houses are smaller than RAYMOND COTTAGE, and 49% of houses are larger. Note that EPC data is not available for all properties in Loftus.

RAYMOND COTTAGE: Plot and Title Map

RAYMOND COTTAGE sits on a plot of roughly 0.155 of an acre, or 625m². The below map shows the location of RAYMOND COTTAGE, 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 RAYMOND COTTAGE). 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 RAYMOND COTTAGE?

RAYMOND COTTAGE is located on NORTH ROAD in LOFTUS, in the TS13 postcode district. The below map shows the position of RAYMOND COTTAGE on NORTH ROAD.