5, REDNESS CLOSE, NELSON, BB9 0SS - £170,000

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.

5 REDNESS CLOSE is a large extended terraced house of 134m², built sometime between 1967 and 1975, which could now be worth an estimated £196,561. It was last sold for £170,000 in June 2022, which was around 48% above the average June 2022 terraced price in the Pendle local authority area. The most recent EPC inspection was July 2020, where the current energy rating was D, and the potential energy rating was C.

5 REDNESS CLOSE Sold Prices

Land registry data shows three sales for 5 REDNESS CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Pendle local authority area for the corresponding sale date. All of the three 5 REDNESS 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
2022 14 JUN	£170,000	£114,543	48% above HPI
2020 21 OCT	£167,000	£94,053	78% above HPI
2005 30 MAR	£84,950	£52,326	62% above HPI

5 REDNESS CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Pendle local authority area over time, sourced from the HPI. The three 5 REDNESS CLOSE sales between March 2005 and June 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 October 2020 sale was for 78% above the HPI. So the extrapolation line tracks at 78% above the HPI over time, until the June 2022 sale, where it falls to 48% above the HPI. The line then continues to track at 48% above the HPI.

What might 5 REDNESS CLOSE be worth now?

5 REDNESS CLOSE might now be worth an estimated £196,561.

This is based on house price inflation of 15.6%, between June 2022 and April 2026, for terraced houses, in the Pendle local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 15.6% inflationary increase is applied to the most recent sale price for 5 REDNESS CLOSE of £170,000 on 14th June 2022. For the value to have increased from £170,000 to £196,561 over the four years and two months to April 2026, the following assumptions must hold true:

• The value of 5 REDNESS CLOSE has moved in line with the HPI for terraced houses in the Pendle local authority area.
• The June 2022 sale price of £170,000 represented a fair market value for the property.
• The size, condition, and specification of 5 REDNESS CLOSE has not materially changed since June 2022.

How Large is 5 REDNESS CLOSE?

5 REDNESS CLOSE is 134m², which includes one extension, according to the EPC inspection conducted in July 2020. This puts it in the largest 40% of terraced houses houses in Nelson, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Nelson, and where 5 REDNESS CLOSE lies on this distribution: 69% of terraced houses houses are smaller than 5 REDNESS CLOSE, and 30% of houses are larger. Note that EPC data is not available for all properties in Nelson.

5 REDNESS CLOSE: Plot and Title Map

5 REDNESS CLOSE sits on a plot of roughly 0.062 of an acre, or 250m². The below map shows the location of 5 REDNESS 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 REDNESS 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 REDNESS CLOSE?

5 REDNESS CLOSE is located in NELSON, in the BB9 postcode district. The below map shows the position of No. 5 on REDNESS CLOSE.