SHERALEE, WHITBY ROAD, EASINGTON, SALTBURN-BY-THE-SEA, TS13 4NW - £195,000

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.

SHERALEE is a very large extended detached house of 152m², built sometime between 1950 and 1966, which could now be worth an estimated £258,524. It was last sold for £195,000 in October 2017, which was around 2% above the average October 2017 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was May 2012, where the current energy rating was F, and the potential energy rating was D.

SHERALEE Sold Prices

Land registry data shows three sales for SHERALEE 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. Two of the three SHERALEE sales were for above the average price, whilst one was 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
2017 27 OCT	£195,000	£191,486	2% above HPI
2014 24 NOV	£233,500	£182,623	28% above HPI
2013 5 FEB	£125,000	£177,747	30% below HPI

SHERALEE 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 SHERALEE sales between February 2013 and October 2017 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 November 2014 sale was for 28% above the HPI. So the extrapolation line tracks at 28% above the HPI over time, until the October 2017 sale, where it falls to 2% above the HPI. The line then continues to track at 2% above the HPI.

What might SHERALEE be worth now?

SHERALEE might now be worth an estimated £258,524.

This is based on house price inflation of 32.6%, between October 2017 and July 2026, 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 32.6% inflationary increase is applied to the most recent sale price for SHERALEE of £195,000 on 27th October 2017. For the value to have increased from £195,000 to £258,524 over the nine years and three months to July 2026, the following assumptions must hold true:

• The value of SHERALEE has moved in line with the HPI for detached houses in the Redcar and Cleveland local authority area.
• The October 2017 sale price of £195,000 represented a fair market value for the property.
• The size, condition, and specification of SHERALEE has not materially changed since October 2017.

How Large is SHERALEE?

SHERALEE is 152m², which includes one extension, according to the EPC inspection conducted in May 2012. This puts it in the largest 20% of detached houses in Easington, based on EPC data. The below chart shows the distribution of detached houses by size in Easington, and where SHERALEE lies on this distribution: 89% of detached houses are smaller than SHERALEE, and 11% of detached houses are larger. Note that EPC data is not available for all properties in Easington.