5, CHANCEL WAY, MIDDLESBROUGH, TS6 9EA - £71,230

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.

5 CHANCEL WAY is a very small extended terraced house of 59m², built sometime between 1967 and 1975, which could now be worth an estimated £80,480. It was last sold for £71,230 in April 2022, which was around 34% below the average April 2022 terraced price in the Redcar and Cleveland local authority area. The most recent EPC inspection was October 2021, where the current energy rating was C, and the potential energy rating was B.

5 CHANCEL WAY Sold Prices

Land registry data shows three sales for 5 CHANCEL WAY 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 5 CHANCEL WAY 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
2022 8 APR	£71,230	£107,341	34% below HPI
2016 3 OCT	£59,000	£83,254	29% below HPI
2011 19 AUG	£60,000	£81,340	26% below HPI

5 CHANCEL WAY 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 5 CHANCEL WAY sales between August 2011 and April 2022 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 October 2016 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the April 2022 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might 5 CHANCEL WAY be worth now?

5 CHANCEL WAY might now be worth an estimated £80,480.

This is based on house price inflation of 13%, between April 2022 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 13% inflationary increase is applied to the most recent sale price for 5 CHANCEL WAY of £71,230 on 8th April 2022. For the value to have increased from £71,230 to £80,480 over the four years to April 2026, the following assumptions must hold true:

• The value of 5 CHANCEL WAY has moved in line with the HPI for terraced houses in the Redcar and Cleveland local authority area.
• The April 2022 sale price of £71,230 represented a fair market value for the property.
• The size, condition, and specification of 5 CHANCEL WAY has not materially changed since April 2022.

How Large is 5 CHANCEL WAY?

5 CHANCEL WAY is 59m², which includes one extension, according to the EPC inspection conducted in October 2021. This puts it in the smallest 10% of terraced houses houses in Eston, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Eston, and where 5 CHANCEL WAY lies on this distribution: 4% of terraced houses houses are smaller than 5 CHANCEL WAY, and 96% of houses are larger. Note that EPC data is not available for all properties in Eston.

5 CHANCEL WAY: Plot and Title Map

5 CHANCEL WAY sits on a plot of roughly 0.049 of an acre, or 199m². The below map shows the location of 5 CHANCEL WAY, 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 5 CHANCEL WAY). 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 5 CHANCEL WAY?

5 CHANCEL WAY is located in MIDDLESBROUGH, in the TS6 postcode district. The below map shows the position of No. 5 on CHANCEL WAY.