2, ELWICK CLOSE, REDCAR, TS10 2UG - £210,000

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.

2 ELWICK CLOSE is a large detached house of 131m², built sometime between 2003 and 2006, which could now be worth an estimated £283,225. It was last sold for £210,000 in February 2020, which was around 9% above the average February 2020 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was April 2015, where the current energy rating was C, and the potential energy rating was B.

2 ELWICK CLOSE Sold Prices

Land registry data shows two sales for 2 ELWICK 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 2 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
2020 10 FEB	£210,000	£193,140	9% above HPI
2005 5 MAY	£201,000	£168,591	19% above HPI

2 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 two 2 ELWICK CLOSE sales from May 2005 and February 2020 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 May 2005 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the February 2020 sale, where it falls to 9% above the HPI. The line then continues to track at 9% above the HPI.

What might 2 ELWICK CLOSE be worth now?

2 ELWICK CLOSE might now be worth an estimated £283,225.

This is based on house price inflation of 34.9%, between February 2020 and April 2026, 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 34.9% inflationary increase is applied to the most recent sale price for 2 ELWICK CLOSE of £210,000 on 10th February 2020. For the value to have increased from £210,000 to £283,225 over the five years and ten months to April 2026, the following assumptions must hold true:

• The value of 2 ELWICK CLOSE has moved in line with the HPI for detached houses in the Redcar and Cleveland local authority area.
• The February 2020 sale price of £210,000 represented a fair market value for the property.
• The size, condition, and specification of 2 ELWICK CLOSE has not materially changed since February 2020.

How Large is 2 ELWICK CLOSE?

2 ELWICK CLOSE is 131m² according to the EPC inspection conducted in April 2015. This puts it in the largest 20% 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 2 ELWICK CLOSE lies on this distribution: 80% of detached houses houses are smaller than 2 ELWICK CLOSE, and 20% of houses are larger. Note that EPC data is not available for all properties in Redcar.

2 ELWICK CLOSE: Plot and Title Map

2 ELWICK CLOSE sits on a plot of roughly 0.065 of an acre, or 264m². The below map shows the location of 2 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 2 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 2 ELWICK CLOSE?

2 ELWICK CLOSE is located in REDCAR, in the TS10 postcode district. The below map shows the position of No. 2 on ELWICK CLOSE.