2, PEXTON CLOSE, HEMLINGTON, MIDDLESBROUGH, TS8 9RB - £184,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 PEXTON CLOSE is a small detached house of 90m², built sometime between 1991 and 1995, which could now be worth an estimated £202,334. It was last sold for £184,000 in January 2024, which was around 21% below the average January 2024 detached price in the Middlesbrough local authority area. The most recent EPC inspection was June 2014, where the current energy rating was D, and the potential energy rating was B.

2 PEXTON CLOSE Sold Prices

Land registry data shows two sales for 2 PEXTON 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 Middlesbrough local authority area for the corresponding sale date. Both of the two 2 PEXTON 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 12 JAN	£184,000	£232,077	21% below HPI
2015 18 SEP	£145,000	£179,793	19% below HPI

2 PEXTON CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Middlesbrough local authority area over time, sourced from the HPI. The two 2 PEXTON CLOSE sales from September 2015 and January 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 September 2015 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the January 2024 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 2 PEXTON CLOSE be worth now?

2 PEXTON CLOSE might now be worth an estimated £202,334.

This is based on house price inflation of 10%, between January 2024 and February 2025, for detached houses, in the Middlesbrough local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 10% inflationary increase is applied to the most recent sale price for 2 PEXTON CLOSE of £184,000 on 12th January 2024. For the value to have increased from £184,000 to £202,334 over the eleven months to February 2025, the following assumptions must hold true:

• The value of 2 PEXTON CLOSE has moved in line with the HPI for detached houses in the Middlesbrough local authority area.
• The January 2024 sale price of £184,000 represented a fair market value for the property.
• The size, condition, and specification of 2 PEXTON CLOSE has not materially changed since January 2024.

How Large is 2 PEXTON CLOSE?

2 PEXTON CLOSE is 90m² according to the EPC inspection conducted in June 2014. This puts it in the smallest 30% of detached houses houses in Middlesbrough, based on EPC data. The below chart shows the distribution of detached houses houses by size in Middlesbrough, and where 2 PEXTON CLOSE lies on this distribution: 23% of detached houses houses are smaller than 2 PEXTON CLOSE, and 76% of houses are larger. Note that EPC data is not available for all properties in Middlesbrough.

2 PEXTON CLOSE: Plot and Title Map

2 PEXTON CLOSE sits on a plot of roughly 0.047 of an acre, or 191m². The below map shows the location of 2 PEXTON 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 2 PEXTON 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 2 PEXTON CLOSE?

2 PEXTON CLOSE is located in HEMLINGTON, in the TS8 postcode district. The below map shows the position of No. 2 on PEXTON CLOSE.