8, REDNESS CLOSE, NELSON, BB9 0SS - £168,000

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.

8 REDNESS CLOSE is a very small extended terraced house of 80m², built sometime between 1976 and 1982, which could now be worth an estimated £199,836. It was last sold for £168,000 in September 2021, which was around 51% above the average September 2021 terraced price in the Pendle local authority area. The most recent EPC inspection was June 2013, where the current energy rating was D, and the potential energy rating was B.

8 REDNESS CLOSE Sold Prices

Land registry data shows three sales for 8 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 8 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
2021 29 SEP	£168,000	£111,340	51% above HPI
2017 3 NOV	£137,000	£84,409	62% above HPI
2013 13 SEP	£123,000	£71,462	72% above HPI

8 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 8 REDNESS CLOSE sales between September 2013 and September 2021 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 November 2017 sale was for 62% above the HPI. So the extrapolation line tracks at 62% above the HPI over time, until the September 2021 sale, where it falls to 51% above the HPI. The line then continues to track at 51% above the HPI.

What might 8 REDNESS CLOSE be worth now?

8 REDNESS CLOSE might now be worth an estimated £199,836.

This is based on house price inflation of 19%, between September 2021 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 19% inflationary increase is applied to the most recent sale price for 8 REDNESS CLOSE of £168,000 on 29th September 2021. For the value to have increased from £168,000 to £199,836 over the five years and five months to April 2026, the following assumptions must hold true:

• The value of 8 REDNESS CLOSE has moved in line with the HPI for terraced houses in the Pendle local authority area.
• The September 2021 sale price of £168,000 represented a fair market value for the property.
• The size, condition, and specification of 8 REDNESS CLOSE has not materially changed since September 2021.

How Large is 8 REDNESS CLOSE?

8 REDNESS CLOSE is 80m², which includes one extension, according to the EPC inspection conducted in June 2013. This puts it in the smallest 10% 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 8 REDNESS CLOSE lies on this distribution: 9% of terraced houses houses are smaller than 8 REDNESS CLOSE, and 90% of houses are larger. Note that EPC data is not available for all properties in Nelson.

8 REDNESS CLOSE: Plot and Title Map

8 REDNESS CLOSE sits on a plot of roughly 0.052 of an acre, or 209m². The below map shows the location of 8 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 8 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 8 REDNESS CLOSE?

8 REDNESS CLOSE is located in NELSON, in the BB9 postcode district. The below map shows the position of No. 8 on REDNESS CLOSE.