2, PRINCIPAL ROAD, REDCAR, TS10 2GW - £270,000

2 PRINCIPAL ROAD is a large detached house of 117m², built in 2022. It was last sold for £270,000 in February 2023, which was around 10% above the average February 2023 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was August 2022, where the current energy rating was B, and the potential energy rating was A.

2 PRINCIPAL ROAD Sold Prices

Land registry data shows two sales for 2 PRINCIPAL ROAD 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 2 PRINCIPAL ROAD 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
2023 24 FEB	£270,000	£245,461	10% above HPI
2018 27 APR	£244,950	£185,925	32% above HPI

2 PRINCIPAL ROAD 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 2 PRINCIPAL ROAD sales from April 2018 and February 2023 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 April 2018 sale was for 32% above the HPI. So the extrapolation line tracks at 32% above the HPI over time, until the February 2023 sale, where it falls to 10% above the HPI. The line then continues to track at 10% above the HPI.

How Large is 2 PRINCIPAL ROAD?

2 PRINCIPAL ROAD is 117m² according to the EPC inspection conducted in August 2022. This puts it in the largest 40% of detached houses in Redcar, based on EPC data. The below chart shows the distribution of detached houses by size in Redcar, and where 2 PRINCIPAL ROAD lies on this distribution: 65% of detached houses are smaller than 2 PRINCIPAL ROAD, and 34% of houses are larger. Note that EPC data is not available for all properties in Redcar.

2 PRINCIPAL ROAD: Plot and Title Map

2 PRINCIPAL ROAD sits on a plot of roughly 0.069 of an acre, or 280m². The below map shows the location of 2 PRINCIPAL ROAD, 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 PRINCIPAL ROAD). 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 PRINCIPAL ROAD?

2 PRINCIPAL ROAD is located in REDCAR, in the TS10 postcode district. The below map shows the position of No. 2 on PRINCIPAL ROAD.