118, HIGH TREES CLOSE, REDDITCH, B98 7XL - £138,000

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.

118 HIGH TREES CLOSE is a very small terraced house of 61m², built sometime between 1983 and 1990, which could now be worth an estimated £140,265. It was last sold for £138,000 in February 2023, which was around 31% below the average February 2023 terraced price in the Redditch local authority area. The most recent EPC inspection was November 2023, where the current energy rating was C, and the potential energy rating was C.

118 HIGH TREES CLOSE Sold Prices

Land registry data shows two sales for 118 HIGH TREES CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Redditch local authority area for the corresponding sale date. Both of the two 118 HIGH TREES 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
2023 17 FEB	£138,000	£199,382	31% below HPI
2005 25 NOV	£110,000	£112,118	2% below HPI

118 HIGH TREES CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Redditch local authority area over time, sourced from the HPI. The two 118 HIGH TREES CLOSE sales from November 2005 and February 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 November 2005 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the February 2023 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 118 HIGH TREES CLOSE be worth now?

118 HIGH TREES CLOSE might now be worth an estimated £140,265.

This is based on house price inflation of 1.6%, between February 2023 and May 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 1.6% inflationary increase is applied to the most recent sale price for 118 HIGH TREES CLOSE of £138,000 on 17th February 2023. For the value to have increased from £138,000 to £140,265 over the two years and nine months to May 2026, the following assumptions must hold true:

• The value of 118 HIGH TREES CLOSE has moved in line with the HPI for terraced houses in the Redditch local authority area.
• The February 2023 sale price of £138,000 represented a fair market value for the property.
• The size, condition, and specification of 118 HIGH TREES CLOSE has not materially changed since February 2023.

How Large is 118 HIGH TREES CLOSE?

118 HIGH TREES CLOSE is 61m² according to the EPC inspection conducted in November 2023. This puts it in the smallest 20% of terraced houses in Redditch, based on EPC data. The below chart shows the distribution of terraced houses by size in Redditch, and where 118 HIGH TREES CLOSE lies on this distribution: 12% of terraced houses are smaller than 118 HIGH TREES CLOSE, and 87% of terraced houses are larger. Note that EPC data is not available for all properties in Redditch.

Where is 118 HIGH TREES CLOSE?

118 HIGH TREES CLOSE is located in REDDITCH, in the B98 postcode district.