3, ALVELEY CLOSE, REDDITCH, B98 0JD - £319,000

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.

3 ALVELEY CLOSE is a small detached house of 99m², built sometime between 1967 and 1975, which could now be worth an estimated £408,712. It was last sold for £319,000 in June 2018, which was around 4% above the average June 2018 detached price in the Redditch local authority area. The most recent EPC inspection was October 2017, where the current energy rating was C, and the potential energy rating was B.

3 ALVELEY CLOSE Sold Prices

Land registry data shows one sale for 3 ALVELEY 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
2018 6 JUN	£319,000	£307,609	4% above HPI

What might 3 ALVELEY CLOSE be worth now?

3 ALVELEY CLOSE might now be worth an estimated £408,712.

This is based on house price inflation of 28.1%, between June 2018 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 28.1% inflationary increase is applied to the most recent sale price for 3 ALVELEY CLOSE of £319,000 on 6th June 2018. For the value to have increased from £319,000 to £408,712 over the eight years and one month to May 2026, the following assumptions must hold true:

• The value of 3 ALVELEY CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The June 2018 sale price of £319,000 represented a fair market value for the property.
• The size, condition, and specification of 3 ALVELEY CLOSE has not materially changed since June 2018.

How Large is 3 ALVELEY CLOSE?

3 ALVELEY CLOSE is 99m² according to the EPC inspection conducted in October 2017. This puts it in the smallest 40% of detached houses in Redditch, based on EPC data. The below chart shows the distribution of detached houses by size in Redditch, and where 3 ALVELEY CLOSE lies on this distribution: 33% of detached houses are smaller than 3 ALVELEY CLOSE, and 66% of detached houses are larger. Note that EPC data is not available for all properties in Redditch.

3 ALVELEY CLOSE: Plot

3 ALVELEY CLOSE sits on a plot of roughly 0.168 of an acre, or 679m².

Where is 3 ALVELEY CLOSE?

3 ALVELEY CLOSE is located in REDDITCH, in the B98 postcode district.