55, SOPPETT STREET, REDCAR, TS10 2AJ - £63,500

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.

55 SOPPETT STREET is a very small terraced house of 64m², built sometime between 1900 and 1929, which could now be worth an estimated £85,478. It was last sold for £63,500 in March 2020, which was around 26% below the average March 2020 terraced price in the Redcar and Cleveland local authority area. The most recent EPC inspection was December 2019, where the current energy rating was C, and the potential energy rating was B.

55 SOPPETT STREET Sold Prices

Land registry data shows six sales for 55 SOPPETT STREET since 1^st January 1995. The below table shows the price paid for the six sales, along with the average terraced price in the Redcar and Cleveland local authority area for the corresponding sale date. Most of the six 55 SOPPETT STREET 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
2020 6 MAR	£63,500	£86,138	26% below HPI
2013 23 AUG	£67,000	£83,095	19% below HPI
2011 19 SEP	£67,000	£82,939	19% below HPI
2009 16 NOV	£78,000	£87,608	11% below HPI
2004 15 OCT	£79,950	£72,473	10% above HPI
2000 20 APR	£33,000	£32,824	1% above HPI

55 SOPPETT STREET 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 six 55 SOPPETT STREET sales between April 2000 and March 2020 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 2013 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the March 2020 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might 55 SOPPETT STREET be worth now?

55 SOPPETT STREET might now be worth an estimated £85,478.

This is based on house price inflation of 34.6%, between March 2020 and July 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 34.6% inflationary increase is applied to the most recent sale price for 55 SOPPETT STREET of £63,500 on 6th March 2020. For the value to have increased from £63,500 to £85,478 over the four years and eight months to July 2025, the following assumptions must hold true:

• The value of 55 SOPPETT STREET has moved in line with the HPI for terraced houses in the Redcar and Cleveland local authority area.
• The March 2020 sale price of £63,500 represented a fair market value for the property.
• The size, condition, and specification of 55 SOPPETT STREET has not materially changed since March 2020.

How Large is 55 SOPPETT STREET?

55 SOPPETT STREET is 64m² according to the EPC inspection conducted in December 2019. 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 55 SOPPETT STREET lies on this distribution: 6% of terraced houses houses are smaller than 55 SOPPETT STREET, and 94% of houses are larger. Note that EPC data is not available for all properties in Redcar.

55 SOPPETT STREET: Plot and Title Map

55 SOPPETT STREET sits on a plot of roughly 0.017 of an acre, or 68m². The below map shows the location of 55 SOPPETT STREET, 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 55 SOPPETT STREET). 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 55 SOPPETT STREET?

55 SOPPETT STREET is located in REDCAR, in the TS10 postcode district. The below map shows the position of No. 55 on SOPPETT STREET.