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

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

7 PENWICK CLOSE is a very small detached house of 78m², built sometime between 1967 and 1975. It was last sold for £250,000 in August 2022, which was around 1% 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	£252,980	1% below HPI
2021 19 NOV	£192,000	£237,660	19% below HPI
2011 28 JAN	£145,000	£199,157	27% 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 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the August 2022 sale, where it rises to 1% below the HPI. The line then continues to track at 1% below the HPI.

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 in Yarm, based on EPC data. The below chart shows the distribution of detached houses by size in Yarm, and where 7 PENWICK CLOSE lies on this distribution: 13% of detached 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.