1, HYTHE CLOSE, REDCAR, TS10 2QP - £190,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 HYTHE CLOSE is a very small detached house of 60m², built sometime between 1991 and 1995. It was last sold for £190,000 in August 2023, which was around 23% below the average August 2023 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was January 2023, where the current energy rating was D, and the potential energy rating was B.

1 HYTHE CLOSE Sold Prices

Land registry data shows two sales for 1 HYTHE CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Redcar and Cleveland local authority area for the corresponding sale date. Both of the two 1 HYTHE CLOSE 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
2023 21 AUG	£190,000	£247,891	23% below HPI
1999 10 NOV	£66,000	£80,281	18% below HPI

1 HYTHE CLOSE 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 two 1 HYTHE CLOSE sales from November 1999 and August 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 November 1999 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the August 2023 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 1 HYTHE CLOSE?

1 HYTHE CLOSE is 60m² according to the EPC inspection conducted in January 2023. This puts it in the smallest 10% of detached houses in Redcar, based on EPC data. The below chart shows the distribution of detached houses by size in Redcar, and where 1 HYTHE CLOSE lies on this distribution: 3% of detached houses are smaller than 1 HYTHE CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Redcar.

1 HYTHE CLOSE: Plot and Title Map

1 HYTHE CLOSE sits on a plot of roughly 0.119 of an acre, or 481m². The below map shows the location of 1 HYTHE CLOSE, 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 1 HYTHE CLOSE). 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 1 HYTHE CLOSE?

1 HYTHE CLOSE is located in REDCAR, in the TS10 postcode district. The below map shows the position of No. 1 on HYTHE CLOSE.