5, FOUNDATION CLOSE, REDCAR, TS10 2GY - £225,000

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

5 FOUNDATION CLOSE is a very small detached house of 83m². It was last sold for £225,000 in September 2021, which was around 3% above the average September 2021 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was January 2014, where the current energy rating was B, and the potential energy rating was B.

5 FOUNDATION CLOSE Sold Prices

Land registry data shows two sales for 5 FOUNDATION 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 5 FOUNDATION 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
2021 30 SEP	£225,000	£218,759	3% above HPI
2014 31 JAN	£204,950	£176,413	16% above HPI

5 FOUNDATION 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 5 FOUNDATION CLOSE sales from January 2014 and September 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 January 2014 sale was for 16% above the HPI. So the extrapolation line tracks at 16% above the HPI over time, until the September 2021 sale, where it falls to 3% above the HPI. The line then continues to track at 3% above the HPI.

How Large is 5 FOUNDATION CLOSE?

5 FOUNDATION CLOSE is 83m² according to the EPC inspection conducted in January 2014. This puts it in the smallest 20% of detached houses in Redcar, based on EPC data. The below chart shows the distribution of detached houses by size in Redcar, and where 5 FOUNDATION CLOSE lies on this distribution: 20% of detached houses are smaller than 5 FOUNDATION CLOSE, and 80% of houses are larger. Note that EPC data is not available for all properties in Redcar.

5 FOUNDATION CLOSE: Plot and Title Map

5 FOUNDATION CLOSE sits on a plot of roughly 0.050 of an acre, or 204m². The below map shows the location of 5 FOUNDATION 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 5 FOUNDATION 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 5 FOUNDATION CLOSE?

5 FOUNDATION CLOSE is located in REDCAR, in the TS10 postcode district. The below map shows the position of No. 5 on FOUNDATION CLOSE.