16, REDWOOD DRIVE, CLEETHORPES, DN35 0RN - £208,000

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.

16 REDWOOD DRIVE is a midsized detached house of 102m², built sometime between 1983 and 1990, which could now be worth an estimated £328,230. It was last sold for £208,000 in August 2009, which was around 30% above the average August 2009 detached price in the North East Lincolnshire local authority area. The most recent EPC inspection was March 2009, where the current energy rating was D, and the potential energy rating was C.

16 REDWOOD DRIVE Sold Prices

Land registry data shows two sales for 16 REDWOOD DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North East Lincolnshire local authority area for the corresponding sale date. Both of the two 16 REDWOOD DRIVE 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
2009 27 AUG	£208,000	£160,067	30% above HPI
2000 1 SEP	£75,000	£71,523	5% above HPI

16 REDWOOD DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North East Lincolnshire local authority area over time, sourced from the HPI. The two 16 REDWOOD DRIVE sales from September 2000 and August 2009 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 2000 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the August 2009 sale, where it rises to 30% above the HPI. The line then continues to track at 30% above the HPI.

What might 16 REDWOOD DRIVE be worth now?

16 REDWOOD DRIVE might now be worth an estimated £328,230.

This is based on house price inflation of 57.8%, between August 2009 and February 2025, for detached houses, in the North East Lincolnshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 57.8% inflationary increase is applied to the most recent sale price for 16 REDWOOD DRIVE of £208,000 on 27th August 2009. For the value to have increased from £208,000 to £328,230 over the sixteen years and six months to February 2025, the following assumptions must hold true:

• The value of 16 REDWOOD DRIVE has moved in line with the HPI for detached houses in the North East Lincolnshire local authority area.
• The August 2009 sale price of £208,000 represented a fair market value for the property.
• The size, condition, and specification of 16 REDWOOD DRIVE has not materially changed since August 2009.

How Large is 16 REDWOOD DRIVE?

16 REDWOOD DRIVE is 102m² according to the EPC inspection conducted in March 2009. This puts it in the smallest 50% of detached houses houses in Cleethorpes, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cleethorpes, and where 16 REDWOOD DRIVE lies on this distribution: 46% of detached houses houses are smaller than 16 REDWOOD DRIVE, and 54% of houses are larger. Note that EPC data is not available for all properties in Cleethorpes.

16 REDWOOD DRIVE: Plot and Title Map

16 REDWOOD DRIVE sits on a plot of roughly 0.109 of an acre, or 442m². The below map shows the location of 16 REDWOOD DRIVE, 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 16 REDWOOD DRIVE). 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 16 REDWOOD DRIVE?

16 REDWOOD DRIVE is located in CLEETHORPES, in the DN35 postcode district. The below map shows the position of No. 16 on REDWOOD DRIVE.