40, CRANBOURNE DRIVE, REDCAR, TS10 2SP - £162,000

40 CRANBOURNE DRIVE is a very small extended detached house of 77m², built sometime between 2003 and 2006. It was last sold for £162,000 in October 2019, which was around 16% below the average October 2019 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was July 2019, where the current energy rating was C, and the potential energy rating was B.

40 CRANBOURNE DRIVE Sold Prices

Land registry data shows three sales for 40 CRANBOURNE DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Redcar and Cleveland local authority area for the corresponding sale date. All of the three 40 CRANBOURNE DRIVE 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
2019 1 OCT	£162,000	£193,604	16% below HPI
2019 27 SEP	£165,000	£188,869	13% below HPI
2006 28 APR	£170,000	£175,869	3% below HPI

40 CRANBOURNE DRIVE 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 three 40 CRANBOURNE DRIVE sales between April 2006 and October 2019 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 September 2019 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the October 2019 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 40 CRANBOURNE DRIVE?

40 CRANBOURNE DRIVE is 77m², which includes one extension, according to the EPC inspection conducted in July 2019. This puts it in the smallest 20% of detached houses in Redcar, based on EPC data. The below chart shows the distribution of detached houses by size in Redcar, and where 40 CRANBOURNE DRIVE lies on this distribution: 14% of detached houses are smaller than 40 CRANBOURNE DRIVE, and 85% of houses are larger. Note that EPC data is not available for all properties in Redcar.

40 CRANBOURNE DRIVE: Plot and Title Map

40 CRANBOURNE DRIVE sits on a plot of roughly 0.057 of an acre, or 229m². The below map shows the location of 40 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 40 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 40 CRANBOURNE DRIVE?

40 CRANBOURNE DRIVE is located in REDCAR, in the TS10 postcode district. The below map shows the position of No. 40 on CRANBOURNE DRIVE.