11, FLAXLEY CLOSE, REDDITCH, B98 0QS - £196,500

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.

11 FLAXLEY CLOSE is a very small terraced house of 68m², built sometime between 1976 and 1982, which could now be worth an estimated £259,604. It was last sold for £196,500 in September 2018, which was around 27% above the average September 2018 terraced price in the Redditch local authority area. The most recent EPC inspection was May 2011, where the current energy rating was D, and the potential energy rating was D.

11 FLAXLEY CLOSE Sold Prices

Land registry data shows five sales for 11 FLAXLEY CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average terraced price in the Redditch local authority area for the corresponding sale date. All of the five 11 FLAXLEY 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
2018 14 SEP	£196,500	£155,184	27% above HPI
2017 7 JUL	£195,000	£145,024	34% above HPI
2011 15 JUL	£142,000	£110,323	29% above HPI
1998 2 OCT	£58,500	£43,801	34% above HPI
1997 30 SEP	£54,500	£41,635	31% above HPI

11 FLAXLEY CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Redditch local authority area over time, sourced from the HPI. The five 11 FLAXLEY CLOSE sales between September 1997 and September 2018 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 July 2017 sale was for 34% above the HPI. So the extrapolation line tracks at 34% above the HPI over time, until the September 2018 sale, where it falls to 27% above the HPI. The line then continues to track at 27% above the HPI.

What might 11 FLAXLEY CLOSE be worth now?

11 FLAXLEY CLOSE might now be worth an estimated £259,604.

This is based on house price inflation of 32.1%, between September 2018 and April 2026, for terraced houses, in the Redditch local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 32.1% inflationary increase is applied to the most recent sale price for 11 FLAXLEY CLOSE of £196,500 on 14th September 2018. For the value to have increased from £196,500 to £259,604 over the eight years and five months to April 2026, the following assumptions must hold true:

• The value of 11 FLAXLEY CLOSE has moved in line with the HPI for terraced houses in the Redditch local authority area.
• The September 2018 sale price of £196,500 represented a fair market value for the property.
• The size, condition, and specification of 11 FLAXLEY CLOSE has not materially changed since September 2018.

How Large is 11 FLAXLEY CLOSE?

11 FLAXLEY CLOSE is 68m² according to the EPC inspection conducted in May 2011. This puts it in the smallest 10% of terraced houses houses in Redditch, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Redditch, and where 11 FLAXLEY CLOSE lies on this distribution: 5% of terraced houses houses are smaller than 11 FLAXLEY CLOSE, and 95% of houses are larger. Note that EPC data is not available for all properties in Redditch.

11 FLAXLEY CLOSE: Plot and Title Map

11 FLAXLEY CLOSE sits on a plot of roughly 0.052 of an acre, or 211m². The below map shows the location of 11 FLAXLEY 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 11 FLAXLEY 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 11 FLAXLEY CLOSE?

11 FLAXLEY CLOSE is located in REDDITCH, in the B98 postcode district. The below map shows the position of No. 11 on FLAXLEY CLOSE.