40, REDLANDS CLOSE, SOLIHULL, B91 2LZ - £230,000

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.

40 REDLANDS CLOSE is a very small semi-detached house of 69m², built sometime between 1950 and 1966, which could now be worth an estimated £330,083. It was last sold for £230,000 in April 2017, which was around 4% below the average April 2017 semi-detached price in the Solihull local authority area. The most recent EPC inspection was April 2012, where the current energy rating was D, and the potential energy rating was B.

40 REDLANDS CLOSE Sold Prices

Land registry data shows three sales for 40 REDLANDS CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Solihull local authority area for the corresponding sale date. All of the three 40 REDLANDS CLOSE sales were for below 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
2017 24 APR	£230,000	£240,354	4% below HPI
2014 11 NOV	£196,000	£216,738	10% below HPI
2012 27 SEP	£157,500	£188,250	16% below HPI

40 REDLANDS CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Solihull local authority area over time, sourced from the HPI. The three 40 REDLANDS CLOSE sales between September 2012 and April 2017 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 November 2014 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the April 2017 sale, where it rises to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 40 REDLANDS CLOSE be worth now?

40 REDLANDS CLOSE might now be worth an estimated £330,083.

This is based on house price inflation of 43.5%, between April 2017 and April 2026, for semi-detached houses, in the Solihull local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 43.5% inflationary increase is applied to the most recent sale price for 40 REDLANDS CLOSE of £230,000 on 24th April 2017. For the value to have increased from £230,000 to £330,083 over the nine years to April 2026, the following assumptions must hold true:

• The value of 40 REDLANDS CLOSE has moved in line with the HPI for semi-detached houses in the Solihull local authority area.
• The April 2017 sale price of £230,000 represented a fair market value for the property.
• The size, condition, and specification of 40 REDLANDS CLOSE has not materially changed since April 2017.

How Large is 40 REDLANDS CLOSE?

40 REDLANDS CLOSE is 69m² according to the EPC inspection conducted in April 2012. This puts it in the smallest 10% of semi-detached houses houses in Solihull, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Solihull, and where 40 REDLANDS CLOSE lies on this distribution: 3% of semi-detached houses houses are smaller than 40 REDLANDS CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Solihull.

40 REDLANDS CLOSE: Plot and Title Map

40 REDLANDS CLOSE sits on a plot of roughly 0.068 of an acre, or 274m². The below map shows the location of 40 REDLANDS 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 40 REDLANDS 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 40 REDLANDS CLOSE?

40 REDLANDS CLOSE is located in SOLIHULL, in the B91 postcode district. The below map shows the position of No. 40 on REDLANDS CLOSE.