7, PENWICK CLOSE, YARM, TS15 9TX - £250,000

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

7 PENWICK CLOSE is a very small detached house of 78m², built sometime between 1967 and 1975, which could now be worth an estimated £260,098. It was last sold for £250,000 in August 2022, which was around 4% below the average August 2022 detached price in the Stockton-on-Tees local authority area. The most recent EPC inspection was July 2021, where the current energy rating was A, and the potential energy rating was A.

7 PENWICK CLOSE Sold Prices

Land registry data shows three sales for 7 PENWICK 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 Stockton-on-Tees local authority area for the corresponding sale date. All of the three 7 PENWICK CLOSE sales were for below 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
2022 9 AUG	£250,000	£259,355	4% below HPI
2021 19 NOV	£192,000	£243,649	21% below HPI
2011 28 JAN	£145,000	£204,175	29% below HPI

7 PENWICK CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Stockton-on-Tees local authority area over time, sourced from the HPI. The three 7 PENWICK CLOSE sales between January 2011 and August 2022 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 November 2021 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the August 2022 sale, where it rises to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 7 PENWICK CLOSE be worth now?

7 PENWICK CLOSE might now be worth an estimated £260,098.

This is based on house price inflation of 4%, between August 2022 and February 2025, for detached houses, in the Stockton-on-Tees local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 4% inflationary increase is applied to the most recent sale price for 7 PENWICK CLOSE of £250,000 on 9th August 2022. For the value to have increased from £250,000 to £260,098 over the three years and six months to February 2025, the following assumptions must hold true:

• The value of 7 PENWICK CLOSE has moved in line with the HPI for detached houses in the Stockton-on-Tees local authority area.
• The August 2022 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 7 PENWICK CLOSE has not materially changed since August 2022.

How Large is 7 PENWICK CLOSE?

7 PENWICK CLOSE is 78m² according to the EPC inspection conducted in July 2021. This puts it in the smallest 20% of detached houses houses in Yarm, based on EPC data. The below chart shows the distribution of detached houses houses by size in Yarm, and where 7 PENWICK CLOSE lies on this distribution: 13% of detached houses houses are smaller than 7 PENWICK CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Yarm.

7 PENWICK CLOSE: Plot and Title Map

7 PENWICK CLOSE sits on a plot of roughly 0.084 of an acre, or 338m². The below map shows the location of 7 PENWICK 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 PENWICK 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 PENWICK CLOSE?

7 PENWICK CLOSE is located in YARM, in the TS15 postcode district. The below map shows the position of No. 7 on PENWICK CLOSE.