3, HOMERELL CLOSE, REDCAR, TS10 2PY - £206,000

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

3 HOMERELL CLOSE is a large detached house of 121m², built sometime between 1996 and 2002. It was last sold for £206,000 in June 2014, which was around 13% above the average June 2014 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was February 2014, where the current energy rating was C, and the potential energy rating was C.

3 HOMERELL CLOSE Sold Prices

Land registry data shows two sales for 3 HOMERELL 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 HOMERELL 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
2014 6 JUN	£206,000	£183,089	13% above HPI
2005 13 MAY	£196,000	£168,925	16% above HPI

3 HOMERELL 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 HOMERELL CLOSE sales from May 2005 and June 2014 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 May 2005 sale was for 16% above the HPI. So the extrapolation line tracks at 16% above the HPI over time, until the June 2014 sale, where it falls to 13% above the HPI. The line then continues to track at 13% above the HPI.

How Large is 3 HOMERELL CLOSE?

3 HOMERELL CLOSE is 121m² according to the EPC inspection conducted in February 2014. This puts it in the largest 30% of detached houses in Redcar, based on EPC data. The below chart shows the distribution of detached houses by size in Redcar, and where 3 HOMERELL CLOSE lies on this distribution: 70% of detached houses are smaller than 3 HOMERELL CLOSE, and 29% of houses are larger. Note that EPC data is not available for all properties in Redcar.

3 HOMERELL CLOSE: Plot and Title Map

3 HOMERELL CLOSE sits on a plot of roughly 0.074 of an acre, or 299m². The below map shows the location of 3 HOMERELL 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 HOMERELL 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 HOMERELL CLOSE?

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