2, MILLSTONE CLOSE, REDCAR, TS10 2XB - £180,000

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 MILLSTONE CLOSE is a small extended detached house of 86m², built sometime between 2003 and 2006, which could now be worth an estimated £250,660. It was last sold for £180,000 in May 2017, which was around 4% below the average May 2017 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was October 2011, where the current energy rating was C, and the potential energy rating was C.

2 MILLSTONE CLOSE Sold Prices

Land registry data shows three sales for 2 MILLSTONE 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. Two of the three 2 MILLSTONE CLOSE sales were for below the average price, whilst one was 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
2017 11 MAY	£180,000	£187,056	4% below HPI
2012 6 JAN	£175,000	£178,709	2% below HPI
2003 22 AUG	£128,000	£119,480	7% above HPI

2 MILLSTONE 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 2 MILLSTONE CLOSE sales between August 2003 and May 2017 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 January 2012 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the May 2017 sale, where it falls to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 2 MILLSTONE CLOSE be worth now?

2 MILLSTONE CLOSE might now be worth an estimated £250,660.

This is based on house price inflation of 39.3%, between May 2017 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 39.3% inflationary increase is applied to the most recent sale price for 2 MILLSTONE CLOSE of £180,000 on 11th May 2017. For the value to have increased from £180,000 to £250,660 over the nine years and one month to April 2026, the following assumptions must hold true:

• The value of 2 MILLSTONE CLOSE has moved in line with the HPI for detached houses in the Redcar and Cleveland local authority area.
• The May 2017 sale price of £180,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MILLSTONE CLOSE has not materially changed since May 2017.

How Large is 2 MILLSTONE CLOSE?

2 MILLSTONE CLOSE is 86m², which includes one extension, according to the EPC inspection conducted in October 2011. 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 2 MILLSTONE CLOSE lies on this distribution: 24% of detached houses houses are smaller than 2 MILLSTONE CLOSE, and 76% of houses are larger. Note that EPC data is not available for all properties in Redcar.

2 MILLSTONE CLOSE: Plot and Title Map

2 MILLSTONE CLOSE sits on a plot of roughly 0.064 of an acre, or 257m². The below map shows the location of 2 MILLSTONE 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 MILLSTONE 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 MILLSTONE CLOSE?

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