8, OAKHAM CLOSE, REDDITCH, B98 7YG - £210,000

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 OAKHAM CLOSE is a midsized extended detached house of 109m², built sometime between 1983 and 1990, which could now be worth an estimated £340,700. It was last sold for £210,000 in May 2014, which was around 14% below the average May 2014 detached price in the Redditch local authority area. The most recent EPC inspection was July 2013, where the current energy rating was D, and the potential energy rating was C.

8 OAKHAM CLOSE Sold Prices

Land registry data shows three sales for 8 OAKHAM 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 8 OAKHAM 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
2014 15 MAY	£210,000	£242,926	14% below HPI
2003 25 JUL	£185,000	£191,941	4% below HPI
2003 25 JUL	£185,000	£191,941	4% below HPI

What might 8 OAKHAM CLOSE be worth now?

8 OAKHAM CLOSE might now be worth an estimated £340,700.

This is based on house price inflation of 62.2%, between May 2014 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 62.2% inflationary increase is applied to the most recent sale price for 8 OAKHAM CLOSE of £210,000 on 15th May 2014. For the value to have increased from £210,000 to £340,700 over the twelve years to May 2026, the following assumptions must hold true:

• The value of 8 OAKHAM CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The May 2014 sale price of £210,000 represented a fair market value for the property.
• The size, condition, and specification of 8 OAKHAM CLOSE has not materially changed since May 2014.

How Large is 8 OAKHAM CLOSE?

8 OAKHAM CLOSE is 109m², which includes two extensions, according to the EPC inspection conducted in July 2013. This puts it in the smallest 50% of detached houses in Redditch, based on EPC data. The below chart shows the distribution of detached houses by size in Redditch, and where 8 OAKHAM CLOSE lies on this distribution: 45% of detached houses are smaller than 8 OAKHAM CLOSE, and 53% of detached houses are larger. Note that EPC data is not available for all properties in Redditch.

8 OAKHAM CLOSE: Plot

8 OAKHAM CLOSE sits on a plot of roughly 0.084 of an acre, or 339m².

Where is 8 OAKHAM CLOSE?

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