6, SHAKELS CLOSE, REDDITCH, B97 5UJ - £232,000

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.

6 SHAKELS CLOSE is a very small terraced house of 87m², built sometime between 1996 and 2002, which could now be worth an estimated £280,006. It was last sold for £232,000 in February 2021, which was around 37% above the average February 2021 terraced price in the Redditch local authority area. The most recent EPC inspection was April 2011, where the current energy rating was C, and the potential energy rating was C.

6 SHAKELS CLOSE Sold Prices

Land registry data shows four sales for 6 SHAKELS CLOSE 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. All of the four 6 SHAKELS 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
2021 1 FEB	£232,000	£169,870	37% above HPI
2017 21 AUG	£220,000	£147,338	49% above HPI
2005 28 JUL	£195,000	£111,837	74% above HPI
2002 28 MAR	£158,000	£62,194	154% above HPI

6 SHAKELS 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 four 6 SHAKELS CLOSE sales between March 2002 and February 2021 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 2017 sale was for 49% above the HPI. So the extrapolation line tracks at 49% above the HPI over time, until the February 2021 sale, where it falls to 37% above the HPI. The line then continues to track at 37% above the HPI.

What might 6 SHAKELS CLOSE be worth now?

6 SHAKELS CLOSE might now be worth an estimated £280,006.

This is based on house price inflation of 20.7%, between February 2021 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 20.7% inflationary increase is applied to the most recent sale price for 6 SHAKELS CLOSE of £232,000 on 1st February 2021. For the value to have increased from £232,000 to £280,006 over the four years and ten months to April 2026, the following assumptions must hold true:

• The value of 6 SHAKELS CLOSE has moved in line with the HPI for terraced houses in the Redditch local authority area.
• The February 2021 sale price of £232,000 represented a fair market value for the property.
• The size, condition, and specification of 6 SHAKELS CLOSE has not materially changed since February 2021.

How Large is 6 SHAKELS CLOSE?

6 SHAKELS CLOSE is 87m² according to the EPC inspection conducted in April 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 6 SHAKELS CLOSE lies on this distribution: 19% of terraced houses houses are smaller than 6 SHAKELS CLOSE, and 80% of houses are larger. Note that EPC data is not available for all properties in Redditch.

6 SHAKELS CLOSE: Plot and Title Map

6 SHAKELS CLOSE sits on a plot of roughly 0.053 of an acre, or 213m². The below map shows the location of 6 SHAKELS 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 6 SHAKELS 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 6 SHAKELS CLOSE?

6 SHAKELS CLOSE is located in REDDITCH, in the B97 postcode district. The below map shows the position of No. 6 on SHAKELS CLOSE.