34, CRANBOURNE DRIVE, REDCAR, TS10 2SP - £118,500

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.

34 CRANBOURNE DRIVE is a very small extended terraced house of 59m², built sometime between 1996 and 2002, which could now be worth an estimated £176,630. It was last sold for £118,500 in October 2015, which was around 46% above the average October 2015 terraced price in the Redcar and Cleveland local authority area. The most recent EPC inspection was July 2015, where the current energy rating was D, and the potential energy rating was B.

34 CRANBOURNE DRIVE Sold Prices

Land registry data shows three sales for 34 CRANBOURNE DRIVE 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. One of the three 34 CRANBOURNE DRIVE sales was for above the average price, whilst two 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
2015 7 OCT	£118,500	£81,366	46% above HPI
2009 12 AUG	£62,500	£84,500	26% below HPI
2005 20 JAN	£54,975	£71,195	23% below HPI

34 CRANBOURNE DRIVE 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 34 CRANBOURNE DRIVE sales between January 2005 and October 2015 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 August 2009 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the October 2015 sale, where it rises to 46% above the HPI. The line then continues to track at 46% above the HPI.

What might 34 CRANBOURNE DRIVE be worth now?

34 CRANBOURNE DRIVE might now be worth an estimated £176,630.

This is based on house price inflation of 49.1%, between October 2015 and April 2026, 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 49.1% inflationary increase is applied to the most recent sale price for 34 CRANBOURNE DRIVE of £118,500 on 7th October 2015. For the value to have increased from £118,500 to £176,630 over the eleven years and six months to April 2026, the following assumptions must hold true:

• The value of 34 CRANBOURNE DRIVE has moved in line with the HPI for terraced houses in the Redcar and Cleveland local authority area.
• The October 2015 sale price of £118,500 represented a fair market value for the property.
• The size, condition, and specification of 34 CRANBOURNE DRIVE has not materially changed since October 2015.

How Large is 34 CRANBOURNE DRIVE?

34 CRANBOURNE DRIVE is 59m², which includes one extension, according to the EPC inspection conducted in July 2015. This puts it in the smallest 10% of terraced houses houses in Redcar, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Redcar, and where 34 CRANBOURNE DRIVE lies on this distribution: 3% of terraced houses houses are smaller than 34 CRANBOURNE DRIVE, and 97% of houses are larger. Note that EPC data is not available for all properties in Redcar.

34 CRANBOURNE DRIVE: Plot and Title Map

34 CRANBOURNE DRIVE sits on a plot of roughly 0.058 of an acre, or 235m². The below map shows the location of 34 CRANBOURNE DRIVE, 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 34 CRANBOURNE DRIVE). 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 34 CRANBOURNE DRIVE?

34 CRANBOURNE DRIVE is located in REDCAR, in the TS10 postcode district. The below map shows the position of No. 34 on CRANBOURNE DRIVE.