4, FLAXLEY CLOSE, REDDITCH, B98 0QS - £230,000

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.

4 FLAXLEY CLOSE is a midsized extended terraced house of 86m², built sometime between 1976 and 1982, which could now be worth an estimated £294,060. It was last sold for £230,000 in October 2019, which was around 43% above the average October 2019 terraced price in the Redditch local authority area. The most recent EPC inspection was July 2010, where the current energy rating was D, and the potential energy rating was D.

4 FLAXLEY CLOSE Sold Prices

Land registry data shows five sales for 4 FLAXLEY CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average terraced price in the Redditch local authority area for the corresponding sale date. The five 4 FLAXLEY CLOSE sales were a mix of above the average price, and roughly equal to 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
2019 29 OCT	£230,000	£160,357	43% above HPI
2011 5 MAY	£150,000	£109,189	37% above HPI
2003 22 AUG	£85,000	£85,022	Close to HPI
2003 22 AUG	£85,000	£85,022	Close to HPI
1999 15 OCT	£80,000	£47,789	67% above HPI

What might 4 FLAXLEY CLOSE be worth now?

4 FLAXLEY CLOSE might now be worth an estimated £294,060.

This is based on house price inflation of 27.9%, between October 2019 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 27.9% inflationary increase is applied to the most recent sale price for 4 FLAXLEY CLOSE of £230,000 on 29th October 2019. For the value to have increased from £230,000 to £294,060 over the seven years and six months to April 2026, the following assumptions must hold true:

• The value of 4 FLAXLEY CLOSE has moved in line with the HPI for terraced houses in the Redditch local authority area.
• The October 2019 sale price of £230,000 represented a fair market value for the property.
• The size, condition, and specification of 4 FLAXLEY CLOSE has not materially changed since October 2019.

How Large is 4 FLAXLEY CLOSE?

4 FLAXLEY CLOSE is 86m², which includes one extension, according to the EPC inspection conducted in July 2010. This puts it in the largest 50% of terraced houses in Redditch, based on EPC data. The below chart shows the distribution of terraced houses by size in Redditch, and where 4 FLAXLEY CLOSE lies on this distribution: 50% of terraced houses are smaller than 4 FLAXLEY CLOSE, and 46% of terraced houses are larger. Note that EPC data is not available for all properties in Redditch.

4 FLAXLEY CLOSE: Plot

4 FLAXLEY CLOSE sits on a plot of roughly 0.078 of an acre, or 317m².

Where is 4 FLAXLEY CLOSE?

4 FLAXLEY CLOSE is located in REDDITCH, in the B98 postcode district.