4, NEIGHBROOK CLOSE, REDDITCH, B97 5YA - £224,995

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 NEIGHBROOK CLOSE is a large extended detached house of 120m², built sometime between 1967 and 1975, which could now be worth an estimated £366,040. It was last sold for £224,995 in August 2007, which was around 7% below the average August 2007 detached price in the Redditch local authority area. The most recent EPC inspection was May 2015, where the current energy rating was E, and the potential energy rating was C.

4 NEIGHBROOK CLOSE Sold Prices

Land registry data shows one sale for 4 NEIGHBROOK 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
2007 15 AUG	£224,995	£242,254	7% below HPI

What might 4 NEIGHBROOK CLOSE be worth now?

4 NEIGHBROOK CLOSE might now be worth an estimated £366,040.

This is based on house price inflation of 62.7%, between August 2007 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 62.7% inflationary increase is applied to the most recent sale price for 4 NEIGHBROOK CLOSE of £224,995 on 15th August 2007. For the value to have increased from £224,995 to £366,040 over the nineteen years and three months to May 2026, the following assumptions must hold true:

• The value of 4 NEIGHBROOK CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The August 2007 sale price of £224,995 represented a fair market value for the property.
• The size, condition, and specification of 4 NEIGHBROOK CLOSE has not materially changed since August 2007.

How Large is 4 NEIGHBROOK CLOSE?

4 NEIGHBROOK CLOSE is 120m², which includes two extensions, according to the EPC inspection conducted in May 2015. This puts it in the largest 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 4 NEIGHBROOK CLOSE lies on this distribution: 61% of detached houses are smaller than 4 NEIGHBROOK CLOSE, and 38% of detached houses are larger. Note that EPC data is not available for all properties in Redditch.

4 NEIGHBROOK CLOSE: Plot

4 NEIGHBROOK CLOSE sits on a plot of roughly 0.074 of an acre, or 300m².

Where is 4 NEIGHBROOK CLOSE?

4 NEIGHBROOK CLOSE is located in REDDITCH, in the B97 postcode district.