2, PACKWOOD CLOSE, REDDITCH, B97 5SJ - £233,000

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.

2 PACKWOOD CLOSE is a very small terraced house of 60m², built sometime between 1991 and 1995, which could now be worth an estimated £242,820. It was last sold for £233,000 in August 2023, which was around 18% above the average August 2023 terraced price in the Redditch local authority area. The most recent EPC inspection was May 2023, where the current energy rating was D, and the potential energy rating was B.

2 PACKWOOD CLOSE Sold Prices

Land registry data shows one sale for 2 PACKWOOD CLOSE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average terraced 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
2023 4 AUG	£233,000	£196,729	18% above HPI

What might 2 PACKWOOD CLOSE be worth now?

2 PACKWOOD CLOSE might now be worth an estimated £242,820.

This is based on house price inflation of 4.2%, between August 2023 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 4.2% inflationary increase is applied to the most recent sale price for 2 PACKWOOD CLOSE of £233,000 on 4th August 2023. For the value to have increased from £233,000 to £242,820 over the three years and four months to April 2026, the following assumptions must hold true:

• The value of 2 PACKWOOD CLOSE has moved in line with the HPI for terraced houses in the Redditch local authority area.
• The August 2023 sale price of £233,000 represented a fair market value for the property.
• The size, condition, and specification of 2 PACKWOOD CLOSE has not materially changed since August 2023.

How Large is 2 PACKWOOD CLOSE?

2 PACKWOOD CLOSE is 60m² according to the EPC inspection conducted in May 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 2 PACKWOOD CLOSE lies on this distribution: 11% of terraced houses are smaller than 2 PACKWOOD CLOSE, and 88% of terraced houses are larger. Note that EPC data is not available for all properties in Redditch.

2 PACKWOOD CLOSE: Plot

2 PACKWOOD CLOSE sits on a plot of roughly 0.069 of an acre, or 280m².

Where is 2 PACKWOOD CLOSE?

2 PACKWOOD CLOSE is located in REDDITCH, in the B97 postcode district.