1, COLERIDGE CLOSE, REDDITCH, B97 5BT - £84,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 COLERIDGE CLOSE is a very small detached house of 55m², built sometime between 1950 and 1966. It was last sold for £84,500 in December 2002, which was around 54% below the average December 2002 detached price in the Redditch local authority area. The most recent EPC inspection was January 2021, where the current energy rating was D, and the potential energy rating was C.

1 COLERIDGE CLOSE Sold Prices

Land registry data shows two sales for 1 COLERIDGE 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. Both of the two 1 COLERIDGE 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
2002 12 DEC	£84,500	£181,769	54% below HPI
1995 3 FEB	£31,500	£84,869	63% below HPI

1 COLERIDGE 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 COLERIDGE CLOSE sales from February 1995 and December 2002 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 February 1995 sale was for 63% below the HPI. So the extrapolation line tracks at 63% below the HPI over time, until the December 2002 sale, where it rises to 54% below the HPI. The line then continues to track at 54% below the HPI.

What might 1 COLERIDGE CLOSE be worth now?

1 COLERIDGE CLOSE might now be worth an estimated £179,819.

This is based on house price inflation of 112.8%, between December 2002 and December 2024, 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 112.8% inflationary increase is applied to the most recent sale price for 1 COLERIDGE CLOSE of £84,500 on 12th December 2002. For the value to have increased from £84,500 to £179,819 over the 22 years to December 2024, the following assumptions must hold true:

• The value of 1 COLERIDGE CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The December 2002 sale price of £84,500 represented a fair market value for the property.
• The size, condition, and specification of 1 COLERIDGE CLOSE has not materially changed since December 2002.

How Large is 1 COLERIDGE CLOSE?

1 COLERIDGE CLOSE is 55m² according to the EPC inspection conducted in January 2021. This puts it in the smallest 10% 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 COLERIDGE CLOSE lies on this distribution: 1% of detached houses houses are smaller than 1 COLERIDGE CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Redditch.

1 COLERIDGE CLOSE: Plot and Title Map

1 COLERIDGE CLOSE sits on a plot of roughly 0.136 of an acre, or 551m². The below map shows the location of 1 COLERIDGE 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 COLERIDGE 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 COLERIDGE CLOSE?

1 COLERIDGE CLOSE is located in REDDITCH, in the B97 postcode district. The below map shows the position of No. 1 on COLERIDGE CLOSE.