8, HERNE CLOSE, REDCAR, TS10 2TF - £120,000

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 HERNE CLOSE is a detached house, which could now be worth an estimated £336,631. It was last sold for £120,000 in June 2002, which was around 30% above the average June 2002 detached price in the Redcar and Cleveland local authority area.

8 HERNE CLOSE Sold Prices

Land registry data shows two sales for 8 HERNE CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Redcar and Cleveland local authority area for the corresponding sale date. Both of the two 8 HERNE 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
2002 28 JUN	£120,000	£92,632	30% above HPI
2001 9 AUG	£109,995	£89,615	23% above HPI

What might 8 HERNE CLOSE be worth now?

8 HERNE CLOSE might now be worth an estimated £336,631.

This is based on house price inflation of 180.5%, between June 2002 and May 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 180.5% inflationary increase is applied to the most recent sale price for 8 HERNE CLOSE of £120,000 on 28th June 2002. For the value to have increased from £120,000 to £336,631 over the 24 years and one month to May 2026, the following assumptions must hold true:

• The value of 8 HERNE CLOSE has moved in line with the HPI for detached houses in the Redcar and Cleveland local authority area.
• The June 2002 sale price of £120,000 represented a fair market value for the property.
• The size, condition, and specification of 8 HERNE CLOSE has not materially changed since June 2002.

Where is 8 HERNE CLOSE?

8 HERNE CLOSE is located in REDCAR, in the TS10 postcode district.