56, HEDGEROW CLOSE, REDDITCH, B98 7QF - £233,000

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.

56 HEDGEROW CLOSE is a midsized terraced house of 115m², built sometime from 2007 onwards, which could now be worth an estimated £323,998. It was last sold for £233,000 in September 2017, which was around 58% above the average September 2017 terraced price in the Redditch local authority area. The most recent EPC inspection was July 2012, where the current energy rating was C, and the potential energy rating was B.

56 HEDGEROW CLOSE Sold Prices

Land registry data shows three sales for 56 HEDGEROW CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Redditch local authority area for the corresponding sale date. All of the three 56 HEDGEROW 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
2017 1 SEP	£233,000	£147,438	58% above HPI
2014 7 MAR	£166,000	£118,367	40% above HPI
2008 30 APR	£187,500	£118,664	58% above HPI

56 HEDGEROW 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 three 56 HEDGEROW CLOSE sales between April 2008 and September 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 March 2014 sale was for 40% above the HPI. So the extrapolation line tracks at 40% above the HPI over time, until the September 2017 sale, where it rises to 58% above the HPI. The line then continues to track at 58% above the HPI.

What might 56 HEDGEROW CLOSE be worth now?

56 HEDGEROW CLOSE might now be worth an estimated £323,998.

This is based on house price inflation of 39.1%, between September 2017 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 39.1% inflationary increase is applied to the most recent sale price for 56 HEDGEROW CLOSE of £233,000 on 1st September 2017. For the value to have increased from £233,000 to £323,998 over the nine years and five months to April 2026, the following assumptions must hold true:

• The value of 56 HEDGEROW CLOSE has moved in line with the HPI for terraced houses in the Redditch local authority area.
• The September 2017 sale price of £233,000 represented a fair market value for the property.
• The size, condition, and specification of 56 HEDGEROW CLOSE has not materially changed since September 2017.

How Large is 56 HEDGEROW CLOSE?

56 HEDGEROW CLOSE is 115m² according to the EPC inspection conducted in July 2012. This puts it in the largest 50% 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 56 HEDGEROW CLOSE lies on this distribution: 55% of terraced houses houses are smaller than 56 HEDGEROW CLOSE, and 44% of houses are larger. Note that EPC data is not available for all properties in Redditch.

56 HEDGEROW CLOSE: Plot and Title Map

56 HEDGEROW CLOSE sits on a plot of roughly 0.032 of an acre, or 129m². The below map shows the location of 56 HEDGEROW 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 56 HEDGEROW 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 56 HEDGEROW CLOSE?

56 HEDGEROW CLOSE is located in REDDITCH, in the B98 postcode district. The below map shows the position of No. 56 on HEDGEROW CLOSE.