7, DERWENT CLOSE, REDMARSHALL, STOCKTON-ON-TEES, TS21 1HS - £235,000

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.

7 DERWENT CLOSE is a midsized extended detached house of 140m², built sometime between 1967 and 1975, which could now be worth an estimated £289,390. It was last sold for £235,000 in May 2017, which was around 7% above the average May 2017 detached price in the Stockton-on-Tees local authority area. The most recent EPC inspection was October 2013, where the current energy rating was D, and the potential energy rating was B.

7 DERWENT CLOSE Sold Prices

Land registry data shows five sales for 7 DERWENT CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Stockton-on-Tees local authority area for the corresponding sale date. All of the five 7 DERWENT 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
2017 12 MAY	£235,000	£219,117	7% above HPI
2008 25 JUN	£280,000	£223,592	25% above HPI
2006 29 NOV	£250,000	£209,817	19% above HPI
2006 19 JUL	£250,000	£201,643	24% above HPI
1999 26 MAR	£87,500	£81,935	7% above HPI

7 DERWENT CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Stockton-on-Tees local authority area over time, sourced from the HPI. The five 7 DERWENT CLOSE sales between March 1999 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 June 2008 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the May 2017 sale, where it falls to 7% above the HPI. The line then continues to track at 7% above the HPI.

What might 7 DERWENT CLOSE be worth now?

7 DERWENT CLOSE might now be worth an estimated £289,390.

This is based on house price inflation of 23.1%, between May 2017 and February 2025, for detached houses, in the Stockton-on-Tees local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 23.1% inflationary increase is applied to the most recent sale price for 7 DERWENT CLOSE of £235,000 on 12th May 2017. For the value to have increased from £235,000 to £289,390 over the eight years and three months to February 2025, the following assumptions must hold true:

• The value of 7 DERWENT CLOSE has moved in line with the HPI for detached houses in the Stockton-on-Tees local authority area.
• The May 2017 sale price of £235,000 represented a fair market value for the property.
• The size, condition, and specification of 7 DERWENT CLOSE has not materially changed since May 2017.

How Large is 7 DERWENT CLOSE?

7 DERWENT CLOSE is 140m², which includes one extension, according to the EPC inspection conducted in October 2013. This puts it in the smallest 50% of detached houses houses in Redmarshall, based on EPC data. The below chart shows the distribution of detached houses houses by size in Redmarshall, and where 7 DERWENT CLOSE lies on this distribution: 41% of detached houses houses are smaller than 7 DERWENT CLOSE, and 59% of houses are larger. Note that EPC data is not available for all properties in Redmarshall.

7 DERWENT CLOSE: Plot and Title Map

7 DERWENT CLOSE sits on a plot of roughly 0.099 of an acre, or 402m². The below map shows the location of 7 DERWENT 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 7 DERWENT 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 7 DERWENT CLOSE?

7 DERWENT CLOSE is located in REDMARSHALL, in the TS21 postcode district. The below map shows the position of No. 7 on DERWENT CLOSE.