3, SOUTHWOLD CLOSE, REDCAR, TS10 4GB - £245,000

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

3 SOUTHWOLD CLOSE is a very large detached house of 155m², built sometime between 2003 and 2006, which could now be worth an estimated £256,010. It was last sold for £245,000 in December 2023, which was about the average December 2023 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was December 2019, where the current energy rating was C, and the potential energy rating was B.

3 SOUTHWOLD CLOSE Sold Prices

Land registry data shows three sales for 3 SOUTHWOLD CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Redcar and Cleveland local authority area for the corresponding sale date. The three 3 SOUTHWOLD CLOSE sales were a mix of roughly equal to the average price, above the average price, and 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
2023 1 DEC	£245,000	£244,857	Close to HPI
2020 15 JAN	£170,000	£189,867	10% below HPI
2007 13 JUL	£204,250	£194,825	5% above HPI

3 SOUTHWOLD 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 three 3 SOUTHWOLD CLOSE sales between July 2007 and December 2023 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 January 2020 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the December 2023 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might 3 SOUTHWOLD CLOSE be worth now?

3 SOUTHWOLD CLOSE might now be worth an estimated £256,010.

This is based on house price inflation of 4.5%, between December 2023 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 4.5% inflationary increase is applied to the most recent sale price for 3 SOUTHWOLD CLOSE of £245,000 on 1st December 2023. For the value to have increased from £245,000 to £256,010 over the two years and ten months to February 2025, the following assumptions must hold true:

• The value of 3 SOUTHWOLD CLOSE has moved in line with the HPI for detached houses in the Redcar and Cleveland local authority area.
• The December 2023 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 3 SOUTHWOLD CLOSE has not materially changed since December 2023.

How Large is 3 SOUTHWOLD CLOSE?

3 SOUTHWOLD CLOSE is 155m² according to the EPC inspection conducted in December 2019. 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 SOUTHWOLD CLOSE lies on this distribution: 91% of detached houses houses are smaller than 3 SOUTHWOLD CLOSE, and 9% of houses are larger. Note that EPC data is not available for all properties in Redcar.

3 SOUTHWOLD CLOSE: Plot and Title Map

3 SOUTHWOLD CLOSE sits on a plot of roughly 0.068 of an acre, or 274m². The below map shows the location of 3 SOUTHWOLD 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 SOUTHWOLD 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 SOUTHWOLD CLOSE?

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