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
17 MEDBOURNE CLOSE is a very small semi-detached house of 66m², built sometime between 1976 and 1982. It was last sold for £147,000 in May 2024, which was around 42% below the average May 2024 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was May 2015, where the current energy rating was D, and the potential energy rating was B.
Land registry data shows five sales for 17 MEDBOURNE CLOSE since 1st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Redcar and Cleveland local authority area for the corresponding sale date. All of the five 17 MEDBOURNE 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 |
---|---|---|---|
2024 3 MAY | £147,000 | £252,141 | 42% below HPI |
2017 13 OCT | £125,000 | £191,865 | 35% below HPI |
2015 28 MAY | £127,500 | £181,622 | 30% below HPI |
2007 5 JUN | £134,950 | £193,805 | 30% below HPI |
2004 30 APR | £103,950 | £141,441 | 27% below HPI |
The below graph shows the average detached house price in the Redcar and Cleveland local authority area over time, sourced from the HPI. The five 17 MEDBOURNE CLOSE sales between April 2004 and May 2024 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 October 2017 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the May 2024 sale, where it falls to 42% below the HPI. The line then continues to track at 42% below the HPI.
17 MEDBOURNE CLOSE is 66m² according to the EPC inspection conducted in May 2015. This puts it in the smallest 10% of detached houses in Eston, based on EPC data. The below chart shows the distribution of detached houses by size in Eston, and where 17 MEDBOURNE CLOSE lies on this distribution: 8% of detached houses are smaller than 17 MEDBOURNE CLOSE, and 91% of houses are larger. Note that EPC data is not available for all properties in Eston.
17 MEDBOURNE CLOSE sits on a plot of roughly 0.074 of an acre, or 300m². The below map shows the location of 17 MEDBOURNE 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 17 MEDBOURNE 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.
17 MEDBOURNE CLOSE is located in MIDDLESBROUGH, in the TS6 postcode district. The below map shows the position of No. 17 on MEDBOURNE CLOSE.