3, REID TERRACE, GUISBOROUGH, TS14 6EB - £82,500

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.

3 REID TERRACE is a small extended terraced house of 96m², built sometime before 1900, which could now be worth an estimated £99,741. It was last sold for £82,500 in January 2021, which was around 13% below the average January 2021 terraced price in the Redcar and Cleveland local authority area. The most recent EPC inspection was September 2016, where the current energy rating was E, and the potential energy rating was C.

3 REID TERRACE Sold Prices

Land registry data shows three sales for 3 REID 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 Redcar and Cleveland local authority area for the corresponding sale date. All of the three 3 REID TERRACE 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
2021 8 JAN	£82,500	£94,772	13% below HPI
2020 18 DEC	£81,000	£92,510	12% below HPI
2017 17 MAY	£75,000	£83,532	10% below HPI

3 REID TERRACE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Redcar and Cleveland local authority area over time, sourced from the HPI. The three 3 REID TERRACE sales between May 2017 and January 2021 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 December 2020 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the January 2021 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 3 REID TERRACE be worth now?

3 REID TERRACE might now be worth an estimated £99,741.

This is based on house price inflation of 20.9%, between January 2021 and June 2025, for terraced 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 20.9% inflationary increase is applied to the most recent sale price for 3 REID TERRACE of £82,500 on 8th January 2021. For the value to have increased from £82,500 to £99,741 over the three years and seven months to June 2025, the following assumptions must hold true:

• The value of 3 REID TERRACE has moved in line with the HPI for terraced houses in the Redcar and Cleveland local authority area.
• The January 2021 sale price of £82,500 represented a fair market value for the property.
• The size, condition, and specification of 3 REID TERRACE has not materially changed since January 2021.

How Large is 3 REID TERRACE?

3 REID TERRACE is 96m², which includes one extension, according to the EPC inspection conducted in September 2016. This puts it in the smallest 30% of terraced houses houses in Guisborough, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Guisborough, and where 3 REID TERRACE lies on this distribution: 23% of terraced houses houses are smaller than 3 REID TERRACE, and 75% of houses are larger. Note that EPC data is not available for all properties in Guisborough.

3 REID TERRACE: Plot and Title Map

3 REID TERRACE sits on a plot of roughly 0.022 of an acre, or 88m². The below map shows the location of 3 REID 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 3 REID 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 3 REID TERRACE?

3 REID TERRACE is located in GUISBOROUGH, in the TS14 postcode district. The below map shows the position of No. 3 on REID TERRACE.