FLAT, 64, WARWICK ROAD, REDCAR, TS10 2LE - £190,000

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.

FLAT is a very small extended terraced house of 78m², built sometime between 1967 and 1975, which could now be worth an estimated £247,356. It was last sold for £190,000 in April 2007, which was around 103% above the average April 2007 terraced price in the Redcar and Cleveland local authority area. The most recent EPC inspection was June 2017, where the current energy rating was D, and the potential energy rating was C.

FLAT Sold Prices

Land registry data shows three sales for FLAT 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 FLAT sales were for above 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
2007 10 APR	£190,000	£93,414	103% above HPI
2005 11 APR	£120,000	£75,097	60% above HPI
2003 2 MAY	£90,000	£44,461	102% above HPI

FLAT 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 FLAT sales between May 2003 and April 2007 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 April 2005 sale was for 60% above the HPI. So the extrapolation line tracks at 60% above the HPI over time, until the April 2007 sale, where it rises to 103% above the HPI. The line then continues to track at 103% above the HPI.

What might FLAT be worth now?

FLAT might now be worth an estimated £247,356.

This is based on house price inflation of 30.2%, between April 2007 and May 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 30.2% inflationary increase is applied to the most recent sale price for FLAT of £190,000 on 10th April 2007. For the value to have increased from £190,000 to £247,356 over the eighteen years and eleven months to May 2026, the following assumptions must hold true:

• The value of FLAT has moved in line with the HPI for terraced houses in the Redcar and Cleveland local authority area.
• The April 2007 sale price of £190,000 represented a fair market value for the property.
• The size, condition, and specification of FLAT has not materially changed since April 2007.

How Large is FLAT?

FLAT is 78m², which includes one extension, according to the EPC inspection conducted in June 2017. This puts it in the smallest 20% 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 FLAT lies on this distribution: 15% of terraced houses houses are smaller than FLAT, and 85% of houses are larger. Note that EPC data is not available for all properties in Redcar.

FLAT: Plot and Title Map

FLAT sits on a plot of roughly 0.036 of an acre, or 145m². The below map shows the location of FLAT, 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 FLAT). 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 FLAT?

FLAT, 64 WARWICK ROAD is located in REDCAR, in the TS10 postcode district. The below map shows the position of No. 64 on WARWICK ROAD.