5, OFFENHAM CLOSE, REDDITCH, B98 8RJ - £177,500

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 OFFENHAM CLOSE is a detached house, which could now be worth an estimated £296,565. It was last sold for £177,500 in July 2008, which was around 25% below the average July 2008 detached price in the Redditch local authority area.

5 OFFENHAM CLOSE Sold Prices

Land registry data shows three sales for 5 OFFENHAM CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Redditch local authority area for the corresponding sale date. All of the three 5 OFFENHAM CLOSE sales were for below 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
2008 31 JUL	£177,500	£235,887	25% below HPI
2004 15 NOV	£174,950	£225,890	23% below HPI
1999 28 MAY	£70,000	£102,149	31% below HPI

What might 5 OFFENHAM CLOSE be worth now?

5 OFFENHAM CLOSE might now be worth an estimated £296,565.

This is based on house price inflation of 67.1%, between July 2008 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 67.1% inflationary increase is applied to the most recent sale price for 5 OFFENHAM CLOSE of £177,500 on 31st July 2008. For the value to have increased from £177,500 to £296,565 over the eighteen years and two months to May 2026, the following assumptions must hold true:

• The value of 5 OFFENHAM CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The July 2008 sale price of £177,500 represented a fair market value for the property.
• The size, condition, and specification of 5 OFFENHAM CLOSE has not materially changed since July 2008.

Where is 5 OFFENHAM CLOSE?

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