7, SHAKELS CLOSE, REDDITCH, B97 5UJ - £165,000

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.

7 SHAKELS CLOSE is a small terraced house of 104m², built sometime between 1996 and 2002, which could now be worth an estimated £182,947. It was last sold for £165,000 in March 2022, which was around 11% below the average March 2022 terraced price in the Redditch local authority area. The most recent EPC inspection was August 2018, where the current energy rating was D, and the potential energy rating was B.

7 SHAKELS CLOSE Sold Prices

Land registry data shows three sales for 7 SHAKELS 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. One of the three 7 SHAKELS CLOSE sales was for below the average price, whilst two 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
2022 11 MAR	£165,000	£184,908	11% below HPI
2019 19 DEC	£205,000	£158,268	30% above HPI
2002 30 MAY	£159,950	£64,061	150% above HPI

7 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 three 7 SHAKELS CLOSE sales between May 2002 and March 2022 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 2019 sale was for 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the March 2022 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 7 SHAKELS CLOSE be worth now?

7 SHAKELS CLOSE might now be worth an estimated £182,947.

This is based on house price inflation of 10.9%, between March 2022 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 10.9% inflationary increase is applied to the most recent sale price for 7 SHAKELS CLOSE of £165,000 on 11th March 2022. For the value to have increased from £165,000 to £182,947 over the three years and eleven months to April 2026, the following assumptions must hold true:

• The value of 7 SHAKELS CLOSE has moved in line with the HPI for terraced houses in the Redditch local authority area.
• The March 2022 sale price of £165,000 represented a fair market value for the property.
• The size, condition, and specification of 7 SHAKELS CLOSE has not materially changed since March 2022.

How Large is 7 SHAKELS CLOSE?

7 SHAKELS CLOSE is 104m² according to the EPC inspection conducted in August 2018. This puts it in the smallest 40% 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 7 SHAKELS CLOSE lies on this distribution: 40% of terraced houses houses are smaller than 7 SHAKELS CLOSE, and 59% of houses are larger. Note that EPC data is not available for all properties in Redditch.

7 SHAKELS CLOSE: Plot and Title Map

7 SHAKELS CLOSE sits on a plot of roughly 0.043 of an acre, or 174m². The below map shows the location of 7 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 7 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 7 SHAKELS CLOSE?

7 SHAKELS CLOSE is located in REDDITCH, in the B97 postcode district. The below map shows the position of No. 7 on SHAKELS CLOSE.