5, SOUTHWOLD CLOSE, REDCAR, TS10 4GB - £205,000

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

5 SOUTHWOLD CLOSE is a midsized detached house of 112m², built sometime from 2007 onwards, which could now be worth an estimated £278,197. It was last sold for £205,000 in July 2020, which was around 9% above the average July 2020 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was May 2020, where the current energy rating was C, and the potential energy rating was B.

5 SOUTHWOLD CLOSE Sold Prices

Land registry data shows two sales for 5 SOUTHWOLD 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 SOUTHWOLD 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
2020 6 JUL	£205,000	£188,541	9% above HPI
2007 20 JUL	£215,000	£194,825	10% above HPI

5 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 two 5 SOUTHWOLD CLOSE sales from July 2007 and July 2020 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 2007 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the July 2020 sale, where it falls to 9% above the HPI. The line then continues to track at 9% above the HPI.

What might 5 SOUTHWOLD CLOSE be worth now?

5 SOUTHWOLD CLOSE might now be worth an estimated £278,197.

This is based on house price inflation of 35.7%, between July 2020 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 35.7% inflationary increase is applied to the most recent sale price for 5 SOUTHWOLD CLOSE of £205,000 on 6th July 2020. For the value to have increased from £205,000 to £278,197 over the five years and five months to February 2025, the following assumptions must hold true:

• The value of 5 SOUTHWOLD CLOSE has moved in line with the HPI for detached houses in the Redcar and Cleveland local authority area.
• The July 2020 sale price of £205,000 represented a fair market value for the property.
• The size, condition, and specification of 5 SOUTHWOLD CLOSE has not materially changed since July 2020.

How Large is 5 SOUTHWOLD CLOSE?

5 SOUTHWOLD CLOSE is 112m² according to the EPC inspection conducted in May 2020. This puts it in the largest 50% 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 5 SOUTHWOLD CLOSE lies on this distribution: 58% of detached houses houses are smaller than 5 SOUTHWOLD CLOSE, and 41% of houses are larger. Note that EPC data is not available for all properties in Redcar.

5 SOUTHWOLD CLOSE: Plot and Title Map

5 SOUTHWOLD CLOSE sits on a plot of roughly 0.068 of an acre, or 274m². The below map shows the location of 5 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 5 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 5 SOUTHWOLD CLOSE?

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