8, PAINSWICK CLOSE, REDDITCH, B98 7XU - £213,000

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.

8 PAINSWICK CLOSE is a very small extended detached house of 77m², built sometime between 1976 and 1982, which could now be worth an estimated £261,605. It was last sold for £213,000 in March 2020, which was around 34% below the average March 2020 detached price in the Redditch local authority area. The most recent EPC inspection was November 2019, where the current energy rating was C, and the potential energy rating was B.

8 PAINSWICK CLOSE Sold Prices

Land registry data shows one sale for 8 PAINSWICK CLOSE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average detached price in the Redditch local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2020 6 MAR	£213,000	£320,893	34% below HPI

What might 8 PAINSWICK CLOSE be worth now?

8 PAINSWICK CLOSE might now be worth an estimated £261,605.

This is based on house price inflation of 22.8%, between March 2020 and May 2026, for detached 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 22.8% inflationary increase is applied to the most recent sale price for 8 PAINSWICK CLOSE of £213,000 on 6th March 2020. For the value to have increased from £213,000 to £261,605 over the five years and ten months to May 2026, the following assumptions must hold true:

• The value of 8 PAINSWICK CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The March 2020 sale price of £213,000 represented a fair market value for the property.
• The size, condition, and specification of 8 PAINSWICK CLOSE has not materially changed since March 2020.

How Large is 8 PAINSWICK CLOSE?

8 PAINSWICK CLOSE is 77m², which includes one extension, according to the EPC inspection conducted in November 2019. This puts it in the smallest 20% of detached houses in Redditch, based on EPC data. The below chart shows the distribution of detached houses by size in Redditch, and where 8 PAINSWICK CLOSE lies on this distribution: 10% of detached houses are smaller than 8 PAINSWICK CLOSE, and 89% of detached houses are larger. Note that EPC data is not available for all properties in Redditch.

8 PAINSWICK CLOSE: Plot

8 PAINSWICK CLOSE sits on a plot of roughly 0.054 of an acre, or 218m².

Where is 8 PAINSWICK CLOSE?

8 PAINSWICK CLOSE is located in REDDITCH, in the B98 postcode district.