9, SHIPHAM CLOSE, REDCAR, TS10 2RT - £295,000

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

9 SHIPHAM CLOSE is a small extended detached house of 89m², built sometime between 1983 and 1990, which could now be worth an estimated £292,439. It was last sold for £295,000 in October 2024, which was around 14% above the average October 2024 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was January 2015, where the current energy rating was E, and the potential energy rating was B.

9 SHIPHAM CLOSE Sold Prices

Land registry data shows four sales for 9 SHIPHAM CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Redcar and Cleveland local authority area for the corresponding sale date. Most of the four 9 SHIPHAM 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
2024 18 OCT	£295,000	£258,102	14% above HPI
2015 27 JUL	£167,000	£183,780	9% below HPI
2007 17 OCT	£189,950	£201,850	6% below HPI
2005 16 DEC	£169,950	£188,238	10% below HPI

9 SHIPHAM 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 four 9 SHIPHAM CLOSE sales between December 2005 and October 2024 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 2015 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the October 2024 sale, where it rises to 14% above the HPI. The line then continues to track at 14% above the HPI.

What might 9 SHIPHAM CLOSE be worth now?

9 SHIPHAM CLOSE might now be worth an estimated £292,439.

This is based on house price deflation of 0.9%, between October 2024 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 0.9% deflationary decrease is applied to the most recent sale price for 9 SHIPHAM CLOSE of £295,000 on 18th October 2024. For the value to have decreased from £295,000 to £292,439 over the one year and eight months to February 2025, the following assumptions must hold true:

• The value of 9 SHIPHAM CLOSE has moved in line with the HPI for detached houses in the Redcar and Cleveland local authority area.
• The October 2024 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of 9 SHIPHAM CLOSE has not materially changed since October 2024.

How Large is 9 SHIPHAM CLOSE?

9 SHIPHAM CLOSE is 89m², which includes two extensions, according to the EPC inspection conducted in January 2015. This puts it in the smallest 30% 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 9 SHIPHAM CLOSE lies on this distribution: 28% of detached houses houses are smaller than 9 SHIPHAM CLOSE, and 70% of houses are larger. Note that EPC data is not available for all properties in Redcar.

9 SHIPHAM CLOSE: Plot and Title Map

9 SHIPHAM CLOSE sits on a plot of roughly 0.073 of an acre, or 295m². The below map shows the location of 9 SHIPHAM 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 9 SHIPHAM 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 9 SHIPHAM CLOSE?

9 SHIPHAM CLOSE is located in REDCAR, in the TS10 postcode district. The below map shows the position of No. 9 on SHIPHAM CLOSE.