5, BURNS CLOSE, REDDITCH, B97 5BS - £135,000

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.

5 BURNS CLOSE is a midsized flat of 58m², built sometime between 1950 and 1966, which could now be worth an estimated £139,466. It was last sold for £135,000 in October 2021, which was around 21% above the average October 2021 flat price in the Redditch local authority area. The most recent EPC inspection was April 2021, where the current energy rating was C, and the potential energy rating was C.

5 BURNS CLOSE Sold Prices

Land registry data shows nine sales for 5 BURNS CLOSE since 1^st January 1995. The below table shows the price paid for the nine sales, along with the average flat price in the Redditch local authority area for the corresponding sale date. All of the nine 5 BURNS 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
2021 8 OCT	£135,000	£111,876	21% above HPI
2019 18 OCT	£125,000	£101,365	23% above HPI
2011 25 MAR	£113,000	£73,155	54% above HPI
2007 17 AUG	£133,950	£90,549	48% above HPI
2003 28 FEB	£86,500	£58,407	48% above HPI
2002 9 MAY	£67,950	£48,164	41% above HPI
1998 25 SEP	£49,000	£31,155	57% above HPI
1997 21 NOV	£49,000	£29,529	66% above HPI
1996 6 DEC	£41,950	£28,195	49% above HPI

What might 5 BURNS CLOSE be worth now?

5 BURNS CLOSE might now be worth an estimated £139,466.

This is based on house price inflation of 3.3%, between October 2021 and April 2026, for flats, in the Redditch local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 3.3% inflationary increase is applied to the most recent sale price for 5 BURNS CLOSE of £135,000 on 8th October 2021. For the value to have increased from £135,000 to £139,466 over the five years and six months to April 2026, the following assumptions must hold true:

• The value of 5 BURNS CLOSE has moved in line with the HPI for flats in the Redditch local authority area.
• The October 2021 sale price of £135,000 represented a fair market value for the property.
• The size, condition, and specification of 5 BURNS CLOSE has not materially changed since October 2021.

How Large is 5 BURNS CLOSE?

5 BURNS CLOSE is 58m² according to the EPC inspection conducted in April 2021. This puts it in the largest 40% of flats in Redditch, based on EPC data. 60% of flats are smaller than 5 BURNS CLOSE, and 38% of flats are larger. Note that EPC data is not available for all properties in Redditch.

5 BURNS CLOSE: Plot

5 BURNS CLOSE sits on a plot of roughly 0.173 of an acre, or 700m².

Where is 5 BURNS CLOSE?

5 BURNS CLOSE is located in REDDITCH, in the B97 postcode district.