2, DRAKES CLOSE, REDDITCH, B97 5NG - £207,000

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.

2 DRAKES CLOSE is a detached house, which could now be worth an estimated £359,177. It was last sold for £207,000 in August 2012, which was around 9% below the average August 2012 detached price in the Redditch local authority area.

2 DRAKES CLOSE Sold Prices

Land registry data shows two sales for 2 DRAKES 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 Redditch local authority area for the corresponding sale date. One of the two 2 DRAKES CLOSE sales was for below the average price, whilst the other was 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
2012 24 AUG	£207,000	£227,137	9% below HPI
2005 24 JUN	£244,950	£222,472	10% above HPI

What might 2 DRAKES CLOSE be worth now?

2 DRAKES CLOSE might now be worth an estimated £359,177.

This is based on house price inflation of 73.5%, between August 2012 and May 2026, for detached 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 73.5% inflationary increase is applied to the most recent sale price for 2 DRAKES CLOSE of £207,000 on 24th August 2012. For the value to have increased from £207,000 to £359,177 over the fourteen years and three months to May 2026, the following assumptions must hold true:

• The value of 2 DRAKES CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The August 2012 sale price of £207,000 represented a fair market value for the property.
• The size, condition, and specification of 2 DRAKES CLOSE has not materially changed since August 2012.

Where is 2 DRAKES CLOSE?

2 DRAKES CLOSE is located in REDDITCH, in the B97 postcode district.