3, ELWICK CLOSE, REDCAR, TS10 2UG - £370,000

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.

3 ELWICK CLOSE is a very large extended detached house of 162m², built sometime between 2003 and 2006, which could now be worth an estimated £416,620. It was last sold for £370,000 in February 2022, which was around 63% above the average February 2022 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was April 2021, where the current energy rating was C, and the potential energy rating was B.

3 ELWICK CLOSE Sold Prices

Land registry data shows two sales for 3 ELWICK 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 3 ELWICK CLOSE 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
2022 11 FEB	£370,000	£227,230	63% above HPI
2005 15 APR	£236,000	£167,078	41% above HPI

3 ELWICK 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 3 ELWICK CLOSE sales from April 2005 and February 2022 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 April 2005 sale was for 41% above the HPI. So the extrapolation line tracks at 41% above the HPI over time, until the February 2022 sale, where it rises to 63% above the HPI. The line then continues to track at 63% above the HPI.

What might 3 ELWICK CLOSE be worth now?

3 ELWICK CLOSE might now be worth an estimated £416,620.

This is based on house price inflation of 12.6%, between February 2022 and February 2025, 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 12.6% inflationary increase is applied to the most recent sale price for 3 ELWICK CLOSE of £370,000 on 11th February 2022. For the value to have increased from £370,000 to £416,620 over the three years to February 2025, the following assumptions must hold true:

• The value of 3 ELWICK CLOSE has moved in line with the HPI for detached houses in the Redcar and Cleveland local authority area.
• The February 2022 sale price of £370,000 represented a fair market value for the property.
• The size, condition, and specification of 3 ELWICK CLOSE has not materially changed since February 2022.

How Large is 3 ELWICK CLOSE?

3 ELWICK CLOSE is 162m², which includes one extension, according to the EPC inspection conducted in April 2021. This puts it in the largest 10% of detached houses houses in Redcar, based on EPC data. The below chart shows the distribution of detached houses houses by size in Redcar, and where 3 ELWICK CLOSE lies on this distribution: 92% of detached houses houses are smaller than 3 ELWICK CLOSE, and 7% of houses are larger. Note that EPC data is not available for all properties in Redcar.

3 ELWICK CLOSE: Plot and Title Map

3 ELWICK CLOSE sits on a plot of roughly 0.090 of an acre, or 365m². The below map shows the location of 3 ELWICK 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 3 ELWICK 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 3 ELWICK CLOSE?

3 ELWICK CLOSE is located in REDCAR, in the TS10 postcode district. The below map shows the position of No. 3 on ELWICK CLOSE.