7, DRAKES CLOSE, REDDITCH, B97 5NG - £99,500

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.

7 DRAKES CLOSE is a very small flat of 35m², built sometime between 2003 and 2006, which could now be worth an estimated £154,015. It was last sold for £99,500 in August 2013, which was around 35% above the average August 2013 flat price in the Redditch local authority area. The most recent EPC inspection was February 2008, where the current energy rating was B, and the potential energy rating was B.

7 DRAKES CLOSE Sold Prices

Land registry data shows three sales for 7 DRAKES CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average flat price in the Redditch local authority area for the corresponding sale date. All of the three 7 DRAKES 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
2013 7 AUG	£99,500	£73,958	35% above HPI
2013 7 AUG	£99,500	£73,958	35% above HPI
2005 17 FEB	£99,950	£78,825	27% above HPI

What might 7 DRAKES CLOSE be worth now?

7 DRAKES CLOSE might now be worth an estimated £154,015.

This is based on house price inflation of 54.8%, between August 2013 and May 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 54.8% inflationary increase is applied to the most recent sale price for 7 DRAKES CLOSE of £99,500 on 7th August 2013. For the value to have increased from £99,500 to £154,015 over the thirteen years and three months to May 2026, the following assumptions must hold true:

• The value of 7 DRAKES CLOSE has moved in line with the HPI for flats in the Redditch local authority area.
• The August 2013 sale price of £99,500 represented a fair market value for the property.
• The size, condition, and specification of 7 DRAKES CLOSE has not materially changed since August 2013.

How Large is 7 DRAKES CLOSE?

7 DRAKES CLOSE is 35m² according to the EPC inspection conducted in February 2008. This puts it in the smallest 10% of flats in Redditch, based on EPC data. 6% of flats are smaller than 7 DRAKES CLOSE, and 94% of flats are larger. Note that EPC data is not available for all properties in Redditch.

7 DRAKES CLOSE: Plot

7 DRAKES CLOSE sits on a plot of roughly 0.074 of an acre, or 299m².

Where is 7 DRAKES CLOSE?

7 DRAKES CLOSE is located in REDDITCH, in the B97 postcode district.