8, JAKEMANS CLOSE, REDDITCH, B98 0LL - £130,000

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 JAKEMANS CLOSE is a very small terraced house of 60m², built sometime between 1976 and 1982, which could now be worth an estimated £253,605. It was last sold for £130,000 in December 2011, which was around 24% above the average December 2011 terraced price in the Redditch local authority area. The most recent EPC inspection was July 2010, where the current energy rating was D, and the potential energy rating was C.

8 JAKEMANS CLOSE Sold Prices

Land registry data shows four sales for 8 JAKEMANS 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 JAKEMANS 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
2011 19 DEC	£130,000	£105,095	24% above HPI
2005 31 MAR	£120,000	£105,181	14% above HPI
2005 31 MAR	£120,000	£105,181	14% above HPI
1998 14 SEP	£50,000	£43,813	14% above HPI

What might 8 JAKEMANS CLOSE be worth now?

8 JAKEMANS CLOSE might now be worth an estimated £253,605.

This is based on house price inflation of 95.1%, between December 2011 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 95.1% inflationary increase is applied to the most recent sale price for 8 JAKEMANS CLOSE of £130,000 on 19th December 2011. For the value to have increased from £130,000 to £253,605 over the fifteen years and eight months to April 2026, the following assumptions must hold true:

• The value of 8 JAKEMANS CLOSE has moved in line with the HPI for terraced houses in the Redditch local authority area.
• The December 2011 sale price of £130,000 represented a fair market value for the property.
• The size, condition, and specification of 8 JAKEMANS CLOSE has not materially changed since December 2011.

How Large is 8 JAKEMANS CLOSE?

8 JAKEMANS CLOSE is 60m² according to the EPC inspection conducted in July 2010. 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 JAKEMANS CLOSE lies on this distribution: 11% of terraced houses are smaller than 8 JAKEMANS CLOSE, and 89% of terraced houses are larger. Note that EPC data is not available for all properties in Redditch.

8 JAKEMANS CLOSE: Plot

8 JAKEMANS CLOSE sits on a plot of roughly 0.041 of an acre, or 166m².

Where is 8 JAKEMANS CLOSE?

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