40, PACKWOOD CLOSE, REDDITCH, B97 5SL - £78,500

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.

40 PACKWOOD CLOSE is a very small extended detached house of 84m², built sometime between 1991 and 1995, which could now be worth an estimated £340,321. It was last sold for £78,500 in July 1997, which was around 14% below the average July 1997 detached price in the Redditch local authority area. The most recent EPC inspection was August 2019, where the current energy rating was D, and the potential energy rating was B.

40 PACKWOOD CLOSE Sold Prices

Land registry data shows one sale for 40 PACKWOOD 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
1997 25 JUL	£78,500	£90,909	14% below HPI

What might 40 PACKWOOD CLOSE be worth now?

40 PACKWOOD CLOSE might now be worth an estimated £340,321.

This is based on house price inflation of 333.5%, between July 1997 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 333.5% inflationary increase is applied to the most recent sale price for 40 PACKWOOD CLOSE of £78,500 on 25th July 1997. For the value to have increased from £78,500 to £340,321 over the 29 years and two months to May 2026, the following assumptions must hold true:

• The value of 40 PACKWOOD CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The July 1997 sale price of £78,500 represented a fair market value for the property.
• The size, condition, and specification of 40 PACKWOOD CLOSE has not materially changed since July 1997.

How Large is 40 PACKWOOD CLOSE?

40 PACKWOOD CLOSE is 84m², which includes one extension, according to the EPC inspection conducted in August 2019. This puts it in the smallest 20% of detached houses in Redditch, based on EPC data. The below chart shows the distribution of detached houses by size in Redditch, and where 40 PACKWOOD CLOSE lies on this distribution: 16% of detached houses are smaller than 40 PACKWOOD CLOSE, and 83% of detached houses are larger. Note that EPC data is not available for all properties in Redditch.

40 PACKWOOD CLOSE: Plot

40 PACKWOOD CLOSE sits on a plot of roughly 0.065 of an acre, or 264m².

Where is 40 PACKWOOD CLOSE?

40 PACKWOOD CLOSE is located in REDDITCH, in the B97 postcode district.