10, OFFENHAM CLOSE, REDDITCH, B98 8RJ - £250,000

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.

10 OFFENHAM CLOSE is a very small detached house of 69m², built sometime between 1983 and 1990, which could now be worth an estimated £301,443. It was last sold for £250,000 in October 2019, which was around 24% below the average October 2019 detached price in the Redditch local authority area. The most recent EPC inspection was February 2016, where the current energy rating was D, and the potential energy rating was B.

10 OFFENHAM CLOSE Sold Prices

Land registry data shows five sales for 10 OFFENHAM CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Redditch local authority area for the corresponding sale date. All of the five 10 OFFENHAM CLOSE sales 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
2019 11 OCT	£250,000	£326,860	24% below HPI
2015 24 JUL	£180,000	£264,857	32% below HPI
2014 25 JUL	£180,000	£244,810	26% below HPI
2014 25 JUL	£180,000	£244,810	26% below HPI
2003 28 NOV	£153,000	£194,524	21% below HPI

What might 10 OFFENHAM CLOSE be worth now?

10 OFFENHAM CLOSE might now be worth an estimated £301,443.

This is based on house price inflation of 20.6%, between October 2019 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 20.6% inflationary increase is applied to the most recent sale price for 10 OFFENHAM CLOSE of £250,000 on 11th October 2019. For the value to have increased from £250,000 to £301,443 over the seven years and five months to May 2026, the following assumptions must hold true:

• The value of 10 OFFENHAM CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The October 2019 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 10 OFFENHAM CLOSE has not materially changed since October 2019.

How Large is 10 OFFENHAM CLOSE?

10 OFFENHAM CLOSE is 69m² according to the EPC inspection conducted in February 2016. This puts it in the smallest 10% of detached houses in Redditch, based on EPC data. The below chart shows the distribution of detached houses by size in Redditch, and where 10 OFFENHAM CLOSE lies on this distribution: 5% of detached houses are smaller than 10 OFFENHAM CLOSE, and 95% of detached houses are larger. Note that EPC data is not available for all properties in Redditch.

10 OFFENHAM CLOSE: Plot

10 OFFENHAM CLOSE sits on a plot of roughly 0.063 of an acre, or 256m².

Where is 10 OFFENHAM CLOSE?

10 OFFENHAM CLOSE is located in REDDITCH, in the B98 postcode district.