7, RILLSTONE WAY, REDCAR, TS10 2TW - £250,000

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.

7 RILLSTONE WAY is a large extended detached house of 125m², built sometime between 2003 and 2006, which could now be worth an estimated £262,312. It was last sold for £250,000 in November 2023, which was around 3% above the average November 2023 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was August 2023, where the current energy rating was C, and the potential energy rating was B.

7 RILLSTONE WAY Sold Prices

Land registry data shows four sales for 7 RILLSTONE WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Redcar and Cleveland local authority area for the corresponding sale date. two of the four 7 RILLSTONE WAY sales were for above the average price, and four 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
2023 16 NOV	£250,000	£243,852	3% above HPI
2021 9 SEP	£230,000	£218,326	5% above HPI
2007 28 SEP	£177,000	£202,323	13% below HPI
2002 18 OCT	£93,000	£106,517	13% below HPI

7 RILLSTONE WAY 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 four 7 RILLSTONE WAY sales between October 2002 and November 2023 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 2021 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the November 2023 sale, where it falls to 3% above the HPI. The line then continues to track at 3% above the HPI.

What might 7 RILLSTONE WAY be worth now?

7 RILLSTONE WAY might now be worth an estimated £262,312.

This is based on house price inflation of 4.9%, between November 2023 and February 2025, for detached 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 4.9% inflationary increase is applied to the most recent sale price for 7 RILLSTONE WAY of £250,000 on 16th November 2023. For the value to have increased from £250,000 to £262,312 over the two years and nine months to February 2025, the following assumptions must hold true:

• The value of 7 RILLSTONE WAY has moved in line with the HPI for detached houses in the Redcar and Cleveland local authority area.
• The November 2023 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 7 RILLSTONE WAY has not materially changed since November 2023.

How Large is 7 RILLSTONE WAY?

7 RILLSTONE WAY is 125m², which includes three extensions, according to the EPC inspection conducted in August 2023. This puts it in the largest 30% of detached houses houses in Redcar, based on EPC data. The below chart shows the distribution of detached houses houses by size in Redcar, and where 7 RILLSTONE WAY lies on this distribution: 74% of detached houses houses are smaller than 7 RILLSTONE WAY, and 24% of houses are larger. Note that EPC data is not available for all properties in Redcar.

7 RILLSTONE WAY: Plot and Title Map

7 RILLSTONE WAY sits on a plot of roughly 0.062 of an acre, or 249m². The below map shows the location of 7 RILLSTONE 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 7 RILLSTONE 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 7 RILLSTONE WAY?

7 RILLSTONE WAY is located in REDCAR, in the TS10 postcode district. The below map shows the position of No. 7 on RILLSTONE WAY.