5, MICHAELWOOD CLOSE, REDDITCH, B97 5YB - £125,500

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 MICHAELWOOD CLOSE is a semi-detached house, which could now be worth an estimated £276,721. It was last sold for £125,500 in October 2003, which was around 9% above the average October 2003 semi-detached price in the Redditch local authority area.

5 MICHAELWOOD CLOSE Sold Prices

Land registry data shows two sales for 5 MICHAELWOOD CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Redditch local authority area for the corresponding sale date. Both of the two 5 MICHAELWOOD 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
2003 3 OCT	£125,500	£114,873	9% above HPI
1997 14 MAR	£56,000	£52,218	7% above HPI

What might 5 MICHAELWOOD CLOSE be worth now?

5 MICHAELWOOD CLOSE might now be worth an estimated £276,721.

This is based on house price inflation of 120.5%, between October 2003 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 120.5% inflationary increase is applied to the most recent sale price for 5 MICHAELWOOD CLOSE of £125,500 on 3rd October 2003. For the value to have increased from £125,500 to £276,721 over the 23 years and five months to May 2026, the following assumptions must hold true:

• The value of 5 MICHAELWOOD CLOSE has moved in line with the HPI for semi-detached houses in the Redditch local authority area.
• The October 2003 sale price of £125,500 represented a fair market value for the property.
• The size, condition, and specification of 5 MICHAELWOOD CLOSE has not materially changed since October 2003.

Where is 5 MICHAELWOOD CLOSE?

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