2, LAUREL PARK, LOFTUS, SALTBURN-BY-THE-SEA, TS13 4NY - £140,000

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.

2 LAUREL PARK is a small semi-detached house of 78m², built sometime between 1996 and 2002, which could now be worth an estimated £185,636. It was last sold for £140,000 in February 2007, which was around 16% above the average February 2007 semi-detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was July 2013, where the current energy rating was D, and the potential energy rating was B.

2 LAUREL PARK Sold Prices

Land registry data shows two sales for 2 LAUREL PARK since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Redcar and Cleveland local authority area for the corresponding sale date. Both of the two 2 LAUREL PARK 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
2007 19 FEB	£140,000	£120,580	16% above HPI
1999 10 FEB	£50,000	£44,167	13% above HPI

2 LAUREL PARK Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Redcar and Cleveland local authority area over time, sourced from the HPI. The two 2 LAUREL PARK sales from February 1999 and February 2007 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 1999 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the February 2007 sale, where it rises to 16% above the HPI. The line then continues to track at 16% above the HPI.

What might 2 LAUREL PARK be worth now?

2 LAUREL PARK might now be worth an estimated £185,636.

This is based on house price inflation of 32.6%, between February 2007 and April 2026, for semi-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 32.6% inflationary increase is applied to the most recent sale price for 2 LAUREL PARK of £140,000 on 19th February 2007. For the value to have increased from £140,000 to £185,636 over the eighteen years and ten months to April 2026, the following assumptions must hold true:

• The value of 2 LAUREL PARK has moved in line with the HPI for semi-detached houses in the Redcar and Cleveland local authority area.
• The February 2007 sale price of £140,000 represented a fair market value for the property.
• The size, condition, and specification of 2 LAUREL PARK has not materially changed since February 2007.

How Large is 2 LAUREL PARK?

2 LAUREL PARK is 78m² according to the EPC inspection conducted in July 2013. This puts it in the smallest 40% of semi-detached houses houses in Loftus, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Loftus, and where 2 LAUREL PARK lies on this distribution: 31% of semi-detached houses houses are smaller than 2 LAUREL PARK, and 68% of houses are larger. Note that EPC data is not available for all properties in Loftus.

2 LAUREL PARK: Plot and Title Map

2 LAUREL PARK sits on a plot of roughly 0.062 of an acre, or 251m². The below map shows the location of 2 LAUREL PARK, 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 2 LAUREL PARK). 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 2 LAUREL PARK?

2 LAUREL PARK is located in LOFTUS, in the TS13 postcode district. The below map shows the position of No. 2 on LAUREL PARK.