4, WHEATLANDS CLOSE, GUISBOROUGH, TS14 7NJ - £185,000

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

4 WHEATLANDS CLOSE is a very small detached house of 80m², built sometime between 1967 and 1975, which could now be worth an estimated £290,476. It was last sold for £185,000 in March 2005, which was around 10% above the average March 2005 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was July 2012, where the current energy rating was D, and the potential energy rating was B.

4 WHEATLANDS CLOSE Sold Prices

Land registry data shows two sales for 4 WHEATLANDS 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 4 WHEATLANDS 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
2005 18 MAR	£185,000	£167,910	10% above HPI
2003 14 JUL	£145,000	£119,042	22% above HPI

4 WHEATLANDS 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 4 WHEATLANDS CLOSE sales from July 2003 and March 2005 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 July 2003 sale was for 22% above the HPI. So the extrapolation line tracks at 22% above the HPI over time, until the March 2005 sale, where it falls to 10% above the HPI. The line then continues to track at 10% above the HPI.

What might 4 WHEATLANDS CLOSE be worth now?

4 WHEATLANDS CLOSE might now be worth an estimated £290,476.

This is based on house price inflation of 57%, between March 2005 and December 2024, 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 57% inflationary increase is applied to the most recent sale price for 4 WHEATLANDS CLOSE of £185,000 on 18th March 2005. For the value to have increased from £185,000 to £290,476 over the eighteen years and three months to December 2024, the following assumptions must hold true:

• The value of 4 WHEATLANDS CLOSE has moved in line with the HPI for detached houses in the Redcar and Cleveland local authority area.
• The March 2005 sale price of £185,000 represented a fair market value for the property.
• The size, condition, and specification of 4 WHEATLANDS CLOSE has not materially changed since March 2005.

How Large is 4 WHEATLANDS CLOSE?

4 WHEATLANDS CLOSE is 80m² according to the EPC inspection conducted in July 2012. This puts it in the smallest 10% of detached houses houses in Guisborough, based on EPC data. The below chart shows the distribution of detached houses houses by size in Guisborough, and where 4 WHEATLANDS CLOSE lies on this distribution: 9% of detached houses houses are smaller than 4 WHEATLANDS CLOSE, and 91% of houses are larger. Note that EPC data is not available for all properties in Guisborough.

4 WHEATLANDS CLOSE: Plot and Title Map

4 WHEATLANDS CLOSE sits on a plot of roughly 0.098 of an acre, or 398m². The below map shows the location of 4 WHEATLANDS 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 WHEATLANDS 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 WHEATLANDS CLOSE?

4 WHEATLANDS CLOSE is located in GUISBOROUGH, in the TS14 postcode district. The below map shows the position of No. 4 on WHEATLANDS CLOSE.