2, PRESTON CLOSE, REDDITCH, B98 8RU - £270,000

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 PRESTON CLOSE is a midsized detached house of 107m², built sometime between 1983 and 1990, which could now be worth an estimated £324,085. It was last sold for £270,000 in October 2020, which was around 20% below the average October 2020 detached price in the Redditch local authority area. The most recent EPC inspection was July 2020, where the current energy rating was C, and the potential energy rating was B.

2 PRESTON CLOSE Sold Prices

Land registry data shows one sale for 2 PRESTON CLOSE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average detached price in the Redditch local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2020 7 OCT	£270,000	£335,964	20% below HPI

What might 2 PRESTON CLOSE be worth now?

2 PRESTON CLOSE might now be worth an estimated £324,085.

This is based on house price inflation of 20%, between October 2020 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 20% inflationary increase is applied to the most recent sale price for 2 PRESTON CLOSE of £270,000 on 7th October 2020. For the value to have increased from £270,000 to £324,085 over the six years and six months to April 2026, the following assumptions must hold true:

• The value of 2 PRESTON CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The October 2020 sale price of £270,000 represented a fair market value for the property.
• The size, condition, and specification of 2 PRESTON CLOSE has not materially changed since October 2020.

How Large is 2 PRESTON CLOSE?

2 PRESTON CLOSE is 107m² according to the EPC inspection conducted in July 2020. This puts it in the smallest 50% of detached houses in Redditch, based on EPC data. The below chart shows the distribution of detached houses by size in Redditch, and where 2 PRESTON CLOSE lies on this distribution: 43% of detached houses are smaller than 2 PRESTON CLOSE, and 56% of detached houses are larger. Note that EPC data is not available for all properties in Redditch.

2 PRESTON CLOSE: Plot

2 PRESTON CLOSE sits on a plot of roughly 0.087 of an acre, or 351m².

Where is 2 PRESTON CLOSE?

2 PRESTON CLOSE is located in REDDITCH, in the B98 postcode district.