3, SPETCHLEY CLOSE, REDDITCH, B97 5NB - £184,950

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 SPETCHLEY CLOSE is a very small terraced house of 68m², built sometime between 1983 and 1990, which could now be worth an estimated £259,098. It was last sold for £184,950 in June 2017, which was around 26% above the average June 2017 terraced price in the Redditch local authority area. The most recent EPC inspection was April 2022, where the current energy rating was C, and the potential energy rating was B.

3 SPETCHLEY CLOSE Sold Prices

Land registry data shows four sales for 3 SPETCHLEY CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Redditch local authority area for the corresponding sale date. All of the four 3 SPETCHLEY 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
2017 8 JUN	£184,950	£146,348	26% above HPI
2010 23 AUG	£141,950	£110,048	29% above HPI
2010 23 AUG	£141,950	£110,048	29% above HPI
2004 16 APR	£119,000	£94,993	25% above HPI

What might 3 SPETCHLEY CLOSE be worth now?

3 SPETCHLEY CLOSE might now be worth an estimated £259,098.

This is based on house price inflation of 40.1%, between June 2017 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 40.1% inflationary increase is applied to the most recent sale price for 3 SPETCHLEY CLOSE of £184,950 on 8th June 2017. For the value to have increased from £184,950 to £259,098 over the nine years and two months to April 2026, the following assumptions must hold true:

• The value of 3 SPETCHLEY CLOSE has moved in line with the HPI for terraced houses in the Redditch local authority area.
• The June 2017 sale price of £184,950 represented a fair market value for the property.
• The size, condition, and specification of 3 SPETCHLEY CLOSE has not materially changed since June 2017.

How Large is 3 SPETCHLEY CLOSE?

3 SPETCHLEY CLOSE is 68m² according to the EPC inspection conducted in April 2022. 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 3 SPETCHLEY CLOSE lies on this distribution: 16% of terraced houses are smaller than 3 SPETCHLEY CLOSE, and 83% of terraced houses are larger. Note that EPC data is not available for all properties in Redditch.

3 SPETCHLEY CLOSE: Plot

3 SPETCHLEY CLOSE sits on a plot of roughly 0.041 of an acre, or 164m².

Where is 3 SPETCHLEY CLOSE?

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