1, SHELLEY CLOSE, REDDITCH, B97 5BE - £380,000

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 SHELLEY CLOSE is a very small detached house of 74m², built sometime between 1950 and 1966, which could now be worth an estimated £358,812. It was last sold for £380,000 in October 2024, which was around 6% below the average October 2024 detached price in the Redditch local authority area. The most recent EPC inspection was May 2024, where the current energy rating was D, and the potential energy rating was B.

1 SHELLEY CLOSE Sold Prices

Land registry data shows four sales for 1 SHELLEY CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Redditch local authority area for the corresponding sale date. All of the four 1 SHELLEY 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
2024 7 OCT	£380,000	£403,253	6% below HPI
2011 2 DEC	£210,000	£217,422	3% below HPI
2007 6 NOV	£234,500	£244,867	4% below HPI
2002 25 NOV	£164,950	£177,067	7% below HPI

1 SHELLEY 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 four 1 SHELLEY CLOSE sales between November 2002 and October 2024 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 December 2011 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the October 2024 sale, where it falls to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might 1 SHELLEY CLOSE be worth now?

1 SHELLEY CLOSE might now be worth an estimated £358,812.

This is based on house price deflation of 5.6%, between October 2024 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 5.6% deflationary decrease is applied to the most recent sale price for 1 SHELLEY CLOSE of £380,000 on 7th October 2024. For the value to have decreased from £380,000 to £358,812 over the one year and eight months to February 2025, the following assumptions must hold true:

• The value of 1 SHELLEY CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The October 2024 sale price of £380,000 represented a fair market value for the property.
• The size, condition, and specification of 1 SHELLEY CLOSE has not materially changed since October 2024.

How Large is 1 SHELLEY CLOSE?

1 SHELLEY CLOSE is 74m² according to the EPC inspection conducted in May 2024. 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 SHELLEY CLOSE lies on this distribution: 8% of detached houses houses are smaller than 1 SHELLEY CLOSE, and 91% of houses are larger. Note that EPC data is not available for all properties in Redditch.

1 SHELLEY CLOSE: Plot and Title Map

1 SHELLEY CLOSE sits on a plot of roughly 0.190 of an acre, or 770m². The below map shows the location of 1 SHELLEY 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 SHELLEY 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 SHELLEY CLOSE?

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