5, VIBURNUM CLOSE, REDCAR, TS10 2TZ - £310,000

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.

5 VIBURNUM CLOSE is a very large detached house of 162m², built sometime between 1991 and 1995, which could now be worth an estimated £427,541. It was last sold for £310,000 in February 2011, which was around 67% above the average February 2011 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was November 2016, where the current energy rating was D, and the potential energy rating was B.

5 VIBURNUM CLOSE Sold Prices

Land registry data shows two sales for 5 VIBURNUM 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 VIBURNUM 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
2011 23 FEB	£310,000	£185,519	67% above HPI
2003 25 APR	£193,500	£104,502	85% above HPI

5 VIBURNUM 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 VIBURNUM CLOSE sales from April 2003 and February 2011 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 April 2003 sale was for 85% above the HPI. So the extrapolation line tracks at 85% above the HPI over time, until the February 2011 sale, where it falls to 67% above the HPI. The line then continues to track at 67% above the HPI.

What might 5 VIBURNUM CLOSE be worth now?

5 VIBURNUM CLOSE might now be worth an estimated £427,541.

This is based on house price inflation of 37.9%, between February 2011 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 37.9% inflationary increase is applied to the most recent sale price for 5 VIBURNUM CLOSE of £310,000 on 23rd February 2011. For the value to have increased from £310,000 to £427,541 over the fourteen years to February 2025, the following assumptions must hold true:

• The value of 5 VIBURNUM CLOSE has moved in line with the HPI for detached houses in the Redcar and Cleveland local authority area.
• The February 2011 sale price of £310,000 represented a fair market value for the property.
• The size, condition, and specification of 5 VIBURNUM CLOSE has not materially changed since February 2011.

How Large is 5 VIBURNUM CLOSE?

5 VIBURNUM CLOSE is 162m² according to the EPC inspection conducted in November 2016. 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 5 VIBURNUM CLOSE lies on this distribution: 92% of detached houses houses are smaller than 5 VIBURNUM CLOSE, and 7% of houses are larger. Note that EPC data is not available for all properties in Redcar.

5 VIBURNUM CLOSE: Plot and Title Map

5 VIBURNUM CLOSE sits on a plot of roughly 0.119 of an acre, or 483m². The below map shows the location of 5 VIBURNUM 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 VIBURNUM 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 VIBURNUM CLOSE?

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