5A, THE MAYFIELDS, REDDITCH, B98 7DU - £207,000

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.

5A THE MAYFIELDS is a very small terraced house of 63m², built sometime from 2012 onwards, which could now be worth an estimated £213,279. It was last sold for £207,000 in March 2023, which was around 4% above the average March 2023 terraced price in the Redditch local authority area. The most recent EPC inspection was July 2017, where the current energy rating was C, and the potential energy rating was B.

5A THE MAYFIELDS Sold Prices

Land registry data shows four sales for 5A THE MAYFIELDS 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. two of the four 5A THE MAYFIELDS sales were for above the average price, and four 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
2023 10 MAR	£207,000	£198,984	4% above HPI
2021 17 AUG	£170,000	£178,046	5% below HPI
2018 16 FEB	£166,000	£151,158	10% above HPI
2016 24 AUG	£30,500	£140,228	78% below HPI

5A THE MAYFIELDS 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 5A THE MAYFIELDS sales between August 2016 and March 2023 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 August 2021 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the March 2023 sale, where it rises to 4% above the HPI. The line then continues to track at 4% above the HPI.

What might 5A THE MAYFIELDS be worth now?

5A THE MAYFIELDS might now be worth an estimated £213,279.

This is based on house price inflation of 3%, between March 2023 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 3% inflationary increase is applied to the most recent sale price for 5A THE MAYFIELDS of £207,000 on 10th March 2023. For the value to have increased from £207,000 to £213,279 over the two years and eleven months to April 2026, the following assumptions must hold true:

• The value of 5A THE MAYFIELDS has moved in line with the HPI for terraced houses in the Redditch local authority area.
• The March 2023 sale price of £207,000 represented a fair market value for the property.
• The size, condition, and specification of 5A THE MAYFIELDS has not materially changed since March 2023.

How Large is 5A THE MAYFIELDS?

5A THE MAYFIELDS is 63m² according to the EPC inspection conducted in July 2017. 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 5A THE MAYFIELDS lies on this distribution: 2% of terraced houses houses are smaller than 5A THE MAYFIELDS, and 97% of houses are larger. Note that EPC data is not available for all properties in Redditch.

5A THE MAYFIELDS: Plot and Title Map

5A THE MAYFIELDS sits on a plot of roughly 0.031 of an acre, or 126m². The below map shows the location of 5A THE MAYFIELDS, 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 5A THE MAYFIELDS). 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 5A THE MAYFIELDS?

5A THE MAYFIELDS is located in REDDITCH, in the B98 postcode district. The below map shows the position of No. 5A on THE MAYFIELDS.