5, COLERIDGE CLOSE, REDDITCH, B97 5BT - £175,000

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.

5 COLERIDGE CLOSE is a very small extended terraced house of 84m², built sometime between 1967 and 1975, which could now be worth an estimated £292,747. It was last sold for £175,000 in December 2014, which was around 43% above the average December 2014 terraced price in the Redditch local authority area. The most recent EPC inspection was July 2011, where the current energy rating was C, and the potential energy rating was C.

5 COLERIDGE CLOSE Sold Prices

Land registry data shows two sales for 5 COLERIDGE CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Redditch local authority area for the corresponding sale date. Both of the two 5 COLERIDGE 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
2014 8 DEC	£175,000	£122,558	43% above HPI
2011 22 DEC	£155,000	£105,095	47% above HPI

5 COLERIDGE 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 two 5 COLERIDGE CLOSE sales from December 2011 and December 2014 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 December 2011 sale was for 47% above the HPI. So the extrapolation line tracks at 47% above the HPI over time, until the December 2014 sale, where it falls to 43% above the HPI. The line then continues to track at 43% above the HPI.

What might 5 COLERIDGE CLOSE be worth now?

5 COLERIDGE CLOSE might now be worth an estimated £292,747.

This is based on house price inflation of 67.3%, between December 2014 and April 2026, 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 67.3% inflationary increase is applied to the most recent sale price for 5 COLERIDGE CLOSE of £175,000 on 8th December 2014. For the value to have increased from £175,000 to £292,747 over the twelve years and eight months to April 2026, the following assumptions must hold true:

• The value of 5 COLERIDGE CLOSE has moved in line with the HPI for terraced houses in the Redditch local authority area.
• The December 2014 sale price of £175,000 represented a fair market value for the property.
• The size, condition, and specification of 5 COLERIDGE CLOSE has not materially changed since December 2014.

How Large is 5 COLERIDGE CLOSE?

5 COLERIDGE CLOSE is 84m², which includes one extension, according to the EPC inspection conducted in July 2011. This puts it in the smallest 20% 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 5 COLERIDGE CLOSE lies on this distribution: 16% of terraced houses houses are smaller than 5 COLERIDGE CLOSE, and 84% of houses are larger. Note that EPC data is not available for all properties in Redditch.

5 COLERIDGE CLOSE: Plot and Title Map

5 COLERIDGE CLOSE sits on a plot of roughly 0.049 of an acre, or 198m². The below map shows the location of 5 COLERIDGE 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 5 COLERIDGE 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 5 COLERIDGE CLOSE?

5 COLERIDGE CLOSE is located in REDDITCH, in the B97 postcode district. The below map shows the position of No. 5 on COLERIDGE CLOSE.