21, HONEYCHURCH CLOSE, REDDITCH, B98 7BZ - £168,000

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.

21 HONEYCHURCH CLOSE is a very small terraced house of 59m², built sometime between 2003 and 2006, which could now be worth an estimated £190,363. It was last sold for £168,000 in October 2021, which was around 6% below the average October 2021 terraced price in the Redditch local authority area. The most recent EPC inspection was June 2021, where the current energy rating was C, and the potential energy rating was B.

21 HONEYCHURCH CLOSE Sold Prices

Land registry data shows four sales for 21 HONEYCHURCH CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Redditch local authority area for the corresponding sale date. Most of the four 21 HONEYCHURCH 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
2021 15 OCT	£168,000	£178,378	6% below HPI
2018 12 FEB	£157,000	£151,158	4% above HPI
2006 2 JUN	£126,000	£115,801	9% above HPI
2002 10 MAY	£65,000	£64,061	1% above HPI

21 HONEYCHURCH 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 four 21 HONEYCHURCH CLOSE sales between May 2002 and October 2021 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 February 2018 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the October 2021 sale, where it falls to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might 21 HONEYCHURCH CLOSE be worth now?

21 HONEYCHURCH CLOSE might now be worth an estimated £190,363.

This is based on house price inflation of 13.3%, between October 2021 and October 2025, 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 13.3% inflationary increase is applied to the most recent sale price for 21 HONEYCHURCH CLOSE of £168,000 on 15th October 2021. For the value to have increased from £168,000 to £190,363 over the four years to October 2025, the following assumptions must hold true:

• The value of 21 HONEYCHURCH CLOSE has moved in line with the HPI for terraced houses in the Redditch local authority area.
• The October 2021 sale price of £168,000 represented a fair market value for the property.
• The size, condition, and specification of 21 HONEYCHURCH CLOSE has not materially changed since October 2021.

How Large is 21 HONEYCHURCH CLOSE?

21 HONEYCHURCH CLOSE is 59m² according to the EPC inspection conducted in June 2021. 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 21 HONEYCHURCH CLOSE lies on this distribution: 2% of terraced houses houses are smaller than 21 HONEYCHURCH CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Redditch.

21 HONEYCHURCH CLOSE: Plot and Title Map

21 HONEYCHURCH CLOSE sits on a plot of roughly 0.028 of an acre, or 113m². The below map shows the location of 21 HONEYCHURCH 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 21 HONEYCHURCH 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 21 HONEYCHURCH CLOSE?

21 HONEYCHURCH CLOSE is located in REDDITCH, in the B98 postcode district. The below map shows the position of No. 21 on HONEYCHURCH CLOSE.