7, MICHAELWOOD CLOSE, REDDITCH, B97 5YB - £180,500

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 MICHAELWOOD CLOSE is a very small terraced house of 56m², built sometime between 1983 and 1990, which could now be worth an estimated £255,245. It was last sold for £180,500 in March 2017, which was around 26% above the average March 2017 terraced price in the Redditch local authority area. The most recent EPC inspection was December 2010, where the current energy rating was C, and the potential energy rating was C.

7 MICHAELWOOD CLOSE Sold Prices

Land registry data shows one sale for 7 MICHAELWOOD 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
2017 10 MAR	£180,500	£143,310	26% above HPI

What might 7 MICHAELWOOD CLOSE be worth now?

7 MICHAELWOOD CLOSE might now be worth an estimated £255,245.

This is based on house price inflation of 41.4%, between March 2017 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 41.4% inflationary increase is applied to the most recent sale price for 7 MICHAELWOOD CLOSE of £180,500 on 10th March 2017. For the value to have increased from £180,500 to £255,245 over the eight years and ten months to May 2026, the following assumptions must hold true:

• The value of 7 MICHAELWOOD CLOSE has moved in line with the HPI for terraced houses in the Redditch local authority area.
• The March 2017 sale price of £180,500 represented a fair market value for the property.
• The size, condition, and specification of 7 MICHAELWOOD CLOSE has not materially changed since March 2017.

How Large is 7 MICHAELWOOD CLOSE?

7 MICHAELWOOD CLOSE is 56m² according to the EPC inspection conducted in December 2010. This puts it in the smallest 10% of terraced houses in Redditch, based on EPC data. The below chart shows the distribution of terraced houses by size in Redditch, and where 7 MICHAELWOOD CLOSE lies on this distribution: 7% of terraced houses are smaller than 7 MICHAELWOOD CLOSE, and 92% of terraced houses are larger. Note that EPC data is not available for all properties in Redditch.

7 MICHAELWOOD CLOSE: Plot

7 MICHAELWOOD CLOSE sits on a plot of roughly 0.046 of an acre, or 187m².

Where is 7 MICHAELWOOD CLOSE?

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