2, ELMSTONE CLOSE, REDDITCH, B97 5UR - £277,500

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.

2 ELMSTONE CLOSE is a large extended detached house of 123m², built sometime between 1983 and 1990, which could now be worth an estimated £433,168. It was last sold for £277,500 in April 2015, which was around 7% above the average April 2015 detached price in the Redditch local authority area. The most recent EPC inspection was June 2014, where the current energy rating was C, and the potential energy rating was B.

2 ELMSTONE CLOSE Sold Prices

Land registry data shows two sales for 2 ELMSTONE 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. Both of the two 2 ELMSTONE 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
2015 17 APR	£277,500	£258,342	7% above HPI
2010 22 SEP	£249,999	£227,032	10% above HPI

2 ELMSTONE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Redditch local authority area over time, sourced from the HPI. The two 2 ELMSTONE CLOSE sales from September 2010 and April 2015 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 September 2010 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the April 2015 sale, where it falls to 7% above the HPI. The line then continues to track at 7% above the HPI.

What might 2 ELMSTONE CLOSE be worth now?

2 ELMSTONE CLOSE might now be worth an estimated £433,168.

This is based on house price inflation of 56.1%, between April 2015 and April 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 56.1% inflationary increase is applied to the most recent sale price for 2 ELMSTONE CLOSE of £277,500 on 17th April 2015. For the value to have increased from £277,500 to £433,168 over the eleven years to April 2026, the following assumptions must hold true:

• The value of 2 ELMSTONE CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The April 2015 sale price of £277,500 represented a fair market value for the property.
• The size, condition, and specification of 2 ELMSTONE CLOSE has not materially changed since April 2015.

How Large is 2 ELMSTONE CLOSE?

2 ELMSTONE CLOSE is 123m², which includes two extensions, according to the EPC inspection conducted in June 2014. This puts it in the largest 40% of detached houses houses in Redditch, based on EPC data. The below chart shows the distribution of detached houses houses by size in Redditch, and where 2 ELMSTONE CLOSE lies on this distribution: 64% of detached houses houses are smaller than 2 ELMSTONE CLOSE, and 34% of houses are larger. Note that EPC data is not available for all properties in Redditch.

2 ELMSTONE CLOSE: Plot and Title Map

2 ELMSTONE CLOSE sits on a plot of roughly 0.080 of an acre, or 322m². The below map shows the location of 2 ELMSTONE 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 2 ELMSTONE 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 2 ELMSTONE CLOSE?

2 ELMSTONE CLOSE is located in REDDITCH, in the B97 postcode district. The below map shows the position of No. 2 on ELMSTONE CLOSE.