2, LAX TERRACE, WOLVISTON, BILLINGHAM, TS22 5LE - £305,000

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 LAX TERRACE is a small extended terraced house of 133m², built sometime before 1900, which could now be worth an estimated £413,714. It was last sold for £305,000 in June 2020, which was around 225% above the average June 2020 terraced price in the Stockton-on-Tees local authority area. The most recent EPC inspection was May 2012, where the current energy rating was E, and the potential energy rating was C.

2 LAX TERRACE Sold Prices

Land registry data shows three sales for 2 LAX TERRACE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Stockton-on-Tees local authority area for the corresponding sale date. All of the three 2 LAX TERRACE 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
2020 25 JUN	£305,000	£93,761	225% above HPI
2019 1 FEB	£295,000	£96,509	206% above HPI
2013 15 FEB	£168,000	£83,605	101% above HPI

2 LAX TERRACE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Stockton-on-Tees local authority area over time, sourced from the HPI. The three 2 LAX TERRACE sales between February 2013 and June 2020 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 2019 sale was for 206% above the HPI. So the extrapolation line tracks at 206% above the HPI over time, until the June 2020 sale, where it rises to 225% above the HPI. The line then continues to track at 225% above the HPI.

What might 2 LAX TERRACE be worth now?

2 LAX TERRACE might now be worth an estimated £413,714.

This is based on house price inflation of 35.6%, between June 2020 and June 2025, for terraced houses, in the Stockton-on-Tees local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 35.6% inflationary increase is applied to the most recent sale price for 2 LAX TERRACE of £305,000 on 25th June 2020. For the value to have increased from £305,000 to £413,714 over the five years to June 2025, the following assumptions must hold true:

• The value of 2 LAX TERRACE has moved in line with the HPI for terraced houses in the Stockton-on-Tees local authority area.
• The June 2020 sale price of £305,000 represented a fair market value for the property.
• The size, condition, and specification of 2 LAX TERRACE has not materially changed since June 2020.

How Large is 2 LAX TERRACE?

2 LAX TERRACE is 133m², which includes one extension, according to the EPC inspection conducted in May 2012. This puts it in the smallest 40% of terraced houses houses in Wolviston, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Wolviston, and where 2 LAX TERRACE lies on this distribution: 35% of terraced houses houses are smaller than 2 LAX TERRACE, and 65% of houses are larger. Note that EPC data is not available for all properties in Wolviston.

2 LAX TERRACE: Plot and Title Map

2 LAX TERRACE sits on a plot of roughly 0.048 of an acre, or 195m². The below map shows the location of 2 LAX TERRACE, 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 LAX TERRACE). 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 LAX TERRACE?

2 LAX TERRACE is located in WOLVISTON, in the TS22 postcode district. The below map shows the position of No. 2 on LAX TERRACE.