1, CORNWELL CLOSE, REDDITCH, B98 7TG - £486,000

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 CORNWELL CLOSE is a very large extended detached house of 176m², built sometime between 1983 and 1990, which could now be worth an estimated £470,004. It was last sold for £486,000 in August 2022, which was around 23% above the average August 2022 detached price in the Redditch local authority area. The most recent EPC inspection was September 2021, where the current energy rating was D, and the potential energy rating was C.

1 CORNWELL CLOSE Sold Prices

Land registry data shows two sales for 1 CORNWELL 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 CORNWELL 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
2022 22 AUG	£486,000	£393,727	23% above HPI
2002 27 SEP	£238,500	£165,042	45% above HPI

1 CORNWELL 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 CORNWELL CLOSE sales from September 2002 and August 2022 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 September 2002 sale was for 45% above the HPI. So the extrapolation line tracks at 45% above the HPI over time, until the August 2022 sale, where it falls to 23% above the HPI. The line then continues to track at 23% above the HPI.

What might 1 CORNWELL CLOSE be worth now?

1 CORNWELL CLOSE might now be worth an estimated £470,004.

This is based on house price deflation of 3.3%, between August 2022 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 3.3% deflationary decrease is applied to the most recent sale price for 1 CORNWELL CLOSE of £486,000 on 22nd August 2022. For the value to have decreased from £486,000 to £470,004 over the three years and six months to February 2025, the following assumptions must hold true:

• The value of 1 CORNWELL CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The August 2022 sale price of £486,000 represented a fair market value for the property.
• The size, condition, and specification of 1 CORNWELL CLOSE has not materially changed since August 2022.

How Large is 1 CORNWELL CLOSE?

1 CORNWELL CLOSE is 176m², which includes one extension, according to the EPC inspection conducted in September 2021. This puts it in the largest 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 CORNWELL CLOSE lies on this distribution: 94% of detached houses houses are smaller than 1 CORNWELL CLOSE, and 6% of houses are larger. Note that EPC data is not available for all properties in Redditch.

1 CORNWELL CLOSE: Plot and Title Map

1 CORNWELL CLOSE sits on a plot of roughly 0.133 of an acre, or 540m². The below map shows the location of 1 CORNWELL 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 CORNWELL 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 CORNWELL CLOSE?

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