4, SOUTHWOLD CLOSE, REDCAR, TS10 4GB - £175,000

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.

4 SOUTHWOLD CLOSE is a small extended detached house of 95m², built sometime between 2003 and 2006, which could now be worth an estimated £207,006. It was last sold for £175,000 in July 2021, which was around 19% below the average July 2021 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was August 2020, where the current energy rating was C, and the potential energy rating was B.

4 SOUTHWOLD CLOSE Sold Prices

Land registry data shows three sales for 4 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. All of the three 4 SOUTHWOLD 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
2021 21 JUL	£175,000	£216,301	19% below HPI
2009 12 NOV	£155,000	£188,603	18% below HPI
2006 30 NOV	£165,000	£195,689	16% below HPI

4 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 4 SOUTHWOLD CLOSE sales between November 2006 and July 2021 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 November 2009 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the July 2021 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 4 SOUTHWOLD CLOSE be worth now?

4 SOUTHWOLD CLOSE might now be worth an estimated £207,006.

This is based on house price inflation of 18.3%, between July 2021 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 18.3% inflationary increase is applied to the most recent sale price for 4 SOUTHWOLD CLOSE of £175,000 on 21st July 2021. For the value to have increased from £175,000 to £207,006 over the four years and five months to February 2025, the following assumptions must hold true:

• The value of 4 SOUTHWOLD CLOSE has moved in line with the HPI for detached houses in the Redcar and Cleveland local authority area.
• The July 2021 sale price of £175,000 represented a fair market value for the property.
• The size, condition, and specification of 4 SOUTHWOLD CLOSE has not materially changed since July 2021.

How Large is 4 SOUTHWOLD CLOSE?

4 SOUTHWOLD CLOSE is 95m², which includes two extensions, according to the EPC inspection conducted in August 2020. This puts it in the smallest 40% 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 4 SOUTHWOLD CLOSE lies on this distribution: 37% of detached houses houses are smaller than 4 SOUTHWOLD CLOSE, and 62% of houses are larger. Note that EPC data is not available for all properties in Redcar.

4 SOUTHWOLD CLOSE: Plot and Title Map

4 SOUTHWOLD CLOSE sits on a plot of roughly 0.059 of an acre, or 237m². The below map shows the location of 4 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 4 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 4 SOUTHWOLD CLOSE?

4 SOUTHWOLD CLOSE is located in REDCAR, in the TS10 postcode district. The below map shows the position of No. 4 on SOUTHWOLD CLOSE.