1, ALVELEY CLOSE, REDDITCH, B98 0JD - £310,000

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.

1 ALVELEY CLOSE is a midsized detached house of 104m², built sometime between 1976 and 1982, which could now be worth an estimated £381,909. It was last sold for £310,000 in February 2018, which was about the average February 2018 detached price in the Redditch local authority area. The most recent EPC inspection was March 2017, where the current energy rating was D, and the potential energy rating was B.

1 ALVELEY CLOSE Sold Prices

Land registry data shows two sales for 1 ALVELEY CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Redditch local authority area for the corresponding sale date. One of the two 1 ALVELEY CLOSE sales was roughly equal to the average price, whilst the other was 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
2018 2 FEB	£310,000	£309,074	Close to HPI
2004 20 AUG	£220,000	£212,247	4% above HPI

1 ALVELEY CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Redditch local authority area over time, sourced from the HPI. The two 1 ALVELEY CLOSE sales from August 2004 and February 2018 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the August 2004 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the February 2018 sale, where it falls to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might 1 ALVELEY CLOSE be worth now?

1 ALVELEY CLOSE might now be worth an estimated £381,909.

This is based on house price inflation of 23.2%, between February 2018 and February 2025, 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 23.2% inflationary increase is applied to the most recent sale price for 1 ALVELEY CLOSE of £310,000 on 2nd February 2018. For the value to have increased from £310,000 to £381,909 over the seven years to February 2025, the following assumptions must hold true:

• The value of 1 ALVELEY CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The February 2018 sale price of £310,000 represented a fair market value for the property.
• The size, condition, and specification of 1 ALVELEY CLOSE has not materially changed since February 2018.

How Large is 1 ALVELEY CLOSE?

1 ALVELEY CLOSE is 104m² according to the EPC inspection conducted in March 2017. This puts it in the smallest 50% of detached houses houses in Redditch, based on EPC data. The below chart shows the distribution of detached houses houses by size in Redditch, and where 1 ALVELEY CLOSE lies on this distribution: 40% of detached houses houses are smaller than 1 ALVELEY CLOSE, and 59% of houses are larger. Note that EPC data is not available for all properties in Redditch.

1 ALVELEY CLOSE: Plot and Title Map

1 ALVELEY CLOSE sits on a plot of roughly 0.156 of an acre, or 632m². The below map shows the location of 1 ALVELEY CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 ALVELEY CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 ALVELEY CLOSE?

1 ALVELEY CLOSE is located in REDDITCH, in the B98 postcode district. The below map shows the position of No. 1 on ALVELEY CLOSE.