3, LACEBY CLOSE, REDDITCH, B97 6BZ - £180,500

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 LACEBY CLOSE is a very small terraced house of 57m², built in 2017, which could now be worth an estimated £237,282. It was last sold for £180,500 in March 2019, which was around 17% above the average March 2019 terraced price in the Redditch local authority area. The most recent EPC inspection was February 2019, where the current energy rating was B, and the potential energy rating was A.

3 LACEBY CLOSE Sold Prices

Land registry data shows one sale for 3 LACEBY 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
2019 29 MAR	£180,500	£154,159	17% above HPI

What might 3 LACEBY CLOSE be worth now?

3 LACEBY CLOSE might now be worth an estimated £237,282.

This is based on house price inflation of 31.5%, between March 2019 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 31.5% inflationary increase is applied to the most recent sale price for 3 LACEBY CLOSE of £180,500 on 29th March 2019. For the value to have increased from £180,500 to £237,282 over the six years and ten months to May 2026, the following assumptions must hold true:

• The value of 3 LACEBY CLOSE has moved in line with the HPI for terraced houses in the Redditch local authority area.
• The March 2019 sale price of £180,500 represented a fair market value for the property.
• The size, condition, and specification of 3 LACEBY CLOSE has not materially changed since March 2019.

How Large is 3 LACEBY CLOSE?

3 LACEBY CLOSE is 57m² according to the EPC inspection conducted in February 2019. This puts it in the smallest 10% of terraced houses in Redditch, based on EPC data. The below chart shows the distribution of terraced houses by size in Redditch, and where 3 LACEBY CLOSE lies on this distribution: 8% of terraced houses are smaller than 3 LACEBY CLOSE, and 91% of terraced houses are larger. Note that EPC data is not available for all properties in Redditch.

3 LACEBY CLOSE: Plot

3 LACEBY CLOSE sits on a plot of roughly 0.032 of an acre, or 129m².

Where is 3 LACEBY CLOSE?

3 LACEBY CLOSE is located in REDDITCH, in the B97 postcode district.