18, GRETTON CLOSE, REDDITCH, B97 6LF - £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.

18 GRETTON CLOSE is a small terraced house of 81m², built sometime from 2012 onwards, which could now be worth an estimated £265,689. It was last sold for £165,000 in April 2015, which was around 30% above the average April 2015 terraced price in the Redditch local authority area. The most recent EPC inspection was October 2022, where the current energy rating was C, and the potential energy rating was B.

18 GRETTON CLOSE Sold Prices

Land registry data shows two sales for 18 GRETTON 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 18 GRETTON 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
2015 17 APR	£165,000	£127,323	30% above HPI
2013 28 MAR	£174,995	£113,344	54% above HPI

18 GRETTON 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 18 GRETTON CLOSE sales from March 2013 and April 2015 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 March 2013 sale was for 54% above the HPI. So the extrapolation line tracks at 54% above the HPI over time, until the April 2015 sale, where it falls to 30% above the HPI. The line then continues to track at 30% above the HPI.

What might 18 GRETTON CLOSE be worth now?

18 GRETTON CLOSE might now be worth an estimated £265,689.

This is based on house price inflation of 61%, between April 2015 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 61% inflationary increase is applied to the most recent sale price for 18 GRETTON CLOSE of £165,000 on 17th April 2015. For the value to have increased from £165,000 to £265,689 over the eleven years to April 2026, the following assumptions must hold true:

• The value of 18 GRETTON CLOSE has moved in line with the HPI for terraced houses in the Redditch local authority area.
• The April 2015 sale price of £165,000 represented a fair market value for the property.
• The size, condition, and specification of 18 GRETTON CLOSE has not materially changed since April 2015.

How Large is 18 GRETTON CLOSE?

18 GRETTON CLOSE is 81m² according to the EPC inspection conducted in October 2022. This puts it in the smallest 40% of terraced houses in Redditch, based on EPC data. The below chart shows the distribution of terraced houses by size in Redditch, and where 18 GRETTON CLOSE lies on this distribution: 38% of terraced houses are smaller than 18 GRETTON CLOSE, and 60% of terraced houses are larger. Note that EPC data is not available for all properties in Redditch.

Where is 18 GRETTON CLOSE?

18 GRETTON CLOSE is located in REDDITCH, in the B97 postcode district.