8, FLAXLEY CLOSE, REDDITCH, B98 0QS - £253,000

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.

8 FLAXLEY CLOSE is a very small terraced house of 60m², built sometime between 1967 and 1975, which could now be worth an estimated £266,175. It was last sold for £253,000 in May 2023, which was around 30% above the average May 2023 terraced price in the Redditch local authority area. The most recent EPC inspection was June 2016, where the current energy rating was C, and the potential energy rating was B.

8 FLAXLEY CLOSE Sold Prices

Land registry data shows four sales for 8 FLAXLEY CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Redditch local authority area for the corresponding sale date. All of the four 8 FLAXLEY 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
2023 3 MAY	£253,000	£194,872	30% above HPI
2019 22 MAR	£200,000	£154,159	30% above HPI
2016 26 AUG	£165,000	£140,228	18% above HPI
2016 26 AUG	£165,000	£140,228	18% above HPI

What might 8 FLAXLEY CLOSE be worth now?

8 FLAXLEY CLOSE might now be worth an estimated £266,175.

This is based on house price inflation of 5.2%, between May 2023 and April 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 5.2% inflationary increase is applied to the most recent sale price for 8 FLAXLEY CLOSE of £253,000 on 3rd May 2023. For the value to have increased from £253,000 to £266,175 over the three years and one month to April 2026, the following assumptions must hold true:

• The value of 8 FLAXLEY CLOSE has moved in line with the HPI for terraced houses in the Redditch local authority area.
• The May 2023 sale price of £253,000 represented a fair market value for the property.
• The size, condition, and specification of 8 FLAXLEY CLOSE has not materially changed since May 2023.

How Large is 8 FLAXLEY CLOSE?

8 FLAXLEY CLOSE is 60m² according to the EPC inspection conducted in June 2016. This puts it in the smallest 20% of terraced houses in Redditch, based on EPC data. The below chart shows the distribution of terraced houses by size in Redditch, and where 8 FLAXLEY CLOSE lies on this distribution: 11% of terraced houses are smaller than 8 FLAXLEY CLOSE, and 88% of terraced houses are larger. Note that EPC data is not available for all properties in Redditch.

8 FLAXLEY CLOSE: Plot

8 FLAXLEY CLOSE sits on a plot of roughly 0.052 of an acre, or 210m².

Where is 8 FLAXLEY CLOSE?

8 FLAXLEY CLOSE is located in REDDITCH, in the B98 postcode district.