7, ELWICK CLOSE, REDCAR, TS10 2UG - £285,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

7 ELWICK CLOSE is a very large extended detached house of 148m², built sometime between 1996 and 2002. It was last sold for £285,000 in September 2018, which was around 46% above the average September 2018 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was March 2018, where the current energy rating was C, and the potential energy rating was C.

7 ELWICK CLOSE Sold Prices

Land registry data shows three sales for 7 ELWICK 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 7 ELWICK 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
2018 14 SEP	£285,000	£195,835	46% above HPI
2006 5 JUN	£237,500	£180,430	32% above HPI
2005 21 FEB	£237,000	£163,255	45% above HPI

7 ELWICK 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 7 ELWICK CLOSE sales between February 2005 and September 2018 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 June 2006 sale was for 32% above the HPI. So the extrapolation line tracks at 32% above the HPI over time, until the September 2018 sale, where it rises to 46% above the HPI. The line then continues to track at 46% above the HPI.

How Large is 7 ELWICK CLOSE?

7 ELWICK CLOSE is 148m², which includes two extensions, according to the EPC inspection conducted in March 2018. This puts it in the largest 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 7 ELWICK CLOSE lies on this distribution: 88% of detached houses are smaller than 7 ELWICK CLOSE, and 12% of houses are larger. Note that EPC data is not available for all properties in Redcar.

7 ELWICK CLOSE: Plot and Title Map

7 ELWICK CLOSE sits on a plot of roughly 0.084 of an acre, or 341m². The below map shows the location of 7 ELWICK 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 7 ELWICK 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 7 ELWICK CLOSE?

7 ELWICK CLOSE is located in REDCAR, in the TS10 postcode district. The below map shows the position of No. 7 on ELWICK CLOSE.