5, NEEDLES CLOSE, REDCAR, TS10 4SJ - £141,500

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.

5 NEEDLES CLOSE is a very small extended detached house of 77m², built sometime between 1983 and 1990, which could now be worth an estimated £178,325. It was last sold for £141,500 in August 2020, which was around 28% below the average August 2020 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was November 2011, where the current energy rating was D, and the potential energy rating was D.

5 NEEDLES CLOSE Sold Prices

Land registry data shows three sales for 5 NEEDLES 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. All of the three 5 NEEDLES 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
2020 14 AUG	£141,500	£196,382	28% below HPI
2007 14 MAY	£110,000	£196,969	44% below HPI
2001 22 AUG	£52,000	£89,615	42% below HPI

5 NEEDLES 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 5 NEEDLES CLOSE sales between August 2001 and August 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 2007 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the August 2020 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might 5 NEEDLES CLOSE be worth now?

5 NEEDLES CLOSE might now be worth an estimated £178,325.

This is based on house price inflation of 26%, between August 2020 and June 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 26% inflationary increase is applied to the most recent sale price for 5 NEEDLES CLOSE of £141,500 on 14th August 2020. For the value to have increased from £141,500 to £178,325 over the five years and two months to June 2025, the following assumptions must hold true:

• The value of 5 NEEDLES CLOSE has moved in line with the HPI for detached houses in the Redcar and Cleveland local authority area.
• The August 2020 sale price of £141,500 represented a fair market value for the property.
• The size, condition, and specification of 5 NEEDLES CLOSE has not materially changed since August 2020.

How Large is 5 NEEDLES CLOSE?

5 NEEDLES CLOSE is 77m², which includes two extensions, according to the EPC inspection conducted in November 2011. This puts it in the smallest 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 5 NEEDLES CLOSE lies on this distribution: 14% of detached houses houses are smaller than 5 NEEDLES CLOSE, and 86% of houses are larger. Note that EPC data is not available for all properties in Redcar.

5 NEEDLES CLOSE: Plot and Title Map

5 NEEDLES CLOSE sits on a plot of roughly 0.064 of an acre, or 261m². The below map shows the location of 5 NEEDLES 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 5 NEEDLES 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 5 NEEDLES CLOSE?

5 NEEDLES CLOSE is located in REDCAR, in the TS10 postcode district. The below map shows the position of No. 5 on NEEDLES CLOSE.