40, OFFENHAM CLOSE, REDDITCH, B98 8RJ - £166,000

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.

40 OFFENHAM CLOSE is a very small terraced house of 69m², built sometime between 1967 and 1975, which could now be worth an estimated £283,193. It was last sold for £166,000 in March 2007, which was around 40% above the average March 2007 terraced price in the Redditch local authority area. The most recent EPC inspection was September 2010, where the current energy rating was E, and the potential energy rating was C.

40 OFFENHAM CLOSE Sold Prices

Land registry data shows one sale for 40 OFFENHAM 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
2007 2 MAR	£166,000	£118,791	40% above HPI

What might 40 OFFENHAM CLOSE be worth now?

40 OFFENHAM CLOSE might now be worth an estimated £283,193.

This is based on house price inflation of 70.6%, between March 2007 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 70.6% inflationary increase is applied to the most recent sale price for 40 OFFENHAM CLOSE of £166,000 on 2nd March 2007. For the value to have increased from £166,000 to £283,193 over the eighteen years and ten months to May 2026, the following assumptions must hold true:

• The value of 40 OFFENHAM CLOSE has moved in line with the HPI for terraced houses in the Redditch local authority area.
• The March 2007 sale price of £166,000 represented a fair market value for the property.
• The size, condition, and specification of 40 OFFENHAM CLOSE has not materially changed since March 2007.

How Large is 40 OFFENHAM CLOSE?

40 OFFENHAM CLOSE is 69m² according to the EPC inspection conducted in September 2010. 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 40 OFFENHAM CLOSE lies on this distribution: 17% of terraced houses are smaller than 40 OFFENHAM CLOSE, and 81% of terraced houses are larger. Note that EPC data is not available for all properties in Redditch.

40 OFFENHAM CLOSE: Plot

40 OFFENHAM CLOSE sits on a plot of roughly 0.080 of an acre, or 322m².

Where is 40 OFFENHAM CLOSE?

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