4, OFFENHAM CLOSE, REDDITCH, B98 8RJ - £220,000

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 OFFENHAM CLOSE is a small semi-detached house of 72m², built sometime between 1976 and 1982, which could now be worth an estimated £293,148. It was last sold for £220,000 in March 2018, which was around 16% above the average March 2018 semi-detached price in the Redditch local authority area. The most recent EPC inspection was June 2014, where the current energy rating was D, and the potential energy rating was B.

4 OFFENHAM CLOSE Sold Prices

Land registry data shows five sales for 4 OFFENHAM CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average semi-detached price in the Redditch local authority area for the corresponding sale date. All of the five 4 OFFENHAM 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
2018 7 MAR	£220,000	£190,087	16% above HPI
2011 20 MAY	£170,000	£135,288	26% above HPI
2011 20 MAY	£170,000	£135,288	26% above HPI
2001 9 JUL	£97,500	£76,341	28% above HPI
1998 9 JAN	£63,000	£54,543	16% above HPI

What might 4 OFFENHAM CLOSE be worth now?

4 OFFENHAM CLOSE might now be worth an estimated £293,148.

This is based on house price inflation of 33.2%, between March 2018 and May 2026, for semi-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 33.2% inflationary increase is applied to the most recent sale price for 4 OFFENHAM CLOSE of £220,000 on 7th March 2018. For the value to have increased from £220,000 to £293,148 over the seven years and ten months to May 2026, the following assumptions must hold true:

• The value of 4 OFFENHAM CLOSE has moved in line with the HPI for semi-detached houses in the Redditch local authority area.
• The March 2018 sale price of £220,000 represented a fair market value for the property.
• The size, condition, and specification of 4 OFFENHAM CLOSE has not materially changed since March 2018.

How Large is 4 OFFENHAM CLOSE?

4 OFFENHAM CLOSE is 72m² according to the EPC inspection conducted in June 2014. This puts it in the smallest 30% of semi-detached houses in Redditch, based on EPC data. The below chart shows the distribution of semi-detached houses by size in Redditch, and where 4 OFFENHAM CLOSE lies on this distribution: 25% of semi-detached houses are smaller than 4 OFFENHAM CLOSE, and 73% of semi-detached houses are larger. Note that EPC data is not available for all properties in Redditch.

4 OFFENHAM CLOSE: Plot

4 OFFENHAM CLOSE sits on a plot of roughly 0.056 of an acre, or 226m².

Where is 4 OFFENHAM CLOSE?

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