20, SPETCHLEY CLOSE, REDDITCH, B97 5NB - £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.

20 SPETCHLEY CLOSE is a very small semi-detached house of 69m², built sometime between 1991 and 1995, which could now be worth an estimated £212,835. It was last sold for £207,000 in February 2023, which was around 17% below the average February 2023 semi-detached price in the Redditch local authority area. The most recent EPC inspection was October 2022, where the current energy rating was C, and the potential energy rating was B.

20 SPETCHLEY CLOSE Sold Prices

Land registry data shows two sales for 20 SPETCHLEY CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Redditch local authority area for the corresponding sale date. One of the two 20 SPETCHLEY 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
2023 20 FEB	£207,000	£249,527	17% below HPI
1998 25 SEP	£60,000	£57,775	4% above HPI

20 SPETCHLEY CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Redditch local authority area over time, sourced from the HPI. The two 20 SPETCHLEY CLOSE sales from September 1998 and February 2023 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 1998 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the February 2023 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 20 SPETCHLEY CLOSE be worth now?

20 SPETCHLEY CLOSE might now be worth an estimated £212,835.

This is based on house price inflation of 2.8%, between February 2023 and April 2026, for semi-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 2.8% inflationary increase is applied to the most recent sale price for 20 SPETCHLEY CLOSE of £207,000 on 20th February 2023. For the value to have increased from £207,000 to £212,835 over the two years and ten months to April 2026, the following assumptions must hold true:

• The value of 20 SPETCHLEY CLOSE has moved in line with the HPI for semi-detached houses in the Redditch local authority area.
• The February 2023 sale price of £207,000 represented a fair market value for the property.
• The size, condition, and specification of 20 SPETCHLEY CLOSE has not materially changed since February 2023.

How Large is 20 SPETCHLEY CLOSE?

20 SPETCHLEY CLOSE is 69m² according to the EPC inspection conducted in October 2022. This puts it in the smallest 10% of semi-detached houses houses in Redditch, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Redditch, and where 20 SPETCHLEY CLOSE lies on this distribution: 5% of semi-detached houses houses are smaller than 20 SPETCHLEY CLOSE, and 95% of houses are larger. Note that EPC data is not available for all properties in Redditch.

20 SPETCHLEY CLOSE: Plot and Title Map

20 SPETCHLEY CLOSE sits on a plot of roughly 0.038 of an acre, or 155m². The below map shows the location of 20 SPETCHLEY 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 20 SPETCHLEY 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 20 SPETCHLEY CLOSE?

20 SPETCHLEY CLOSE is located in REDDITCH, in the B97 postcode district. The below map shows the position of No. 20 on SPETCHLEY CLOSE.