10, PRESTON CLOSE, REDDITCH, B98 8RU - £351,000

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

10 PRESTON CLOSE is a midsized detached house of 118m², built sometime between 1983 and 1990. It was last sold for £351,000 in February 2021, which was around 3% above the average February 2021 detached price in the Redditch local authority area. The most recent EPC inspection was September 2014, where the current energy rating was D, and the potential energy rating was B.

10 PRESTON CLOSE Sold Prices

Land registry data shows two sales for 10 PRESTON 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 10 PRESTON 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
2021 25 FEB	£351,000	£340,954	3% above HPI
2014 11 AUG	£249,995	£246,716	1% above HPI

10 PRESTON 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 10 PRESTON CLOSE sales from August 2014 and February 2021 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 2014 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the February 2021 sale, where it rises to 3% above the HPI. The line then continues to track at 3% above the HPI.

What might 10 PRESTON CLOSE be worth now?

10 PRESTON CLOSE might now be worth an estimated £398,208.

This is based on house price inflation of 13.4%, between February 2021 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 13.4% inflationary increase is applied to the most recent sale price for 10 PRESTON CLOSE of £351,000 on 25th February 2021. For the value to have increased from £351,000 to £398,208 over the two years and two months to December 2024, the following assumptions must hold true:

• The value of 10 PRESTON CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The February 2021 sale price of £351,000 represented a fair market value for the property.
• The size, condition, and specification of 10 PRESTON CLOSE has not materially changed since February 2021.

How Large is 10 PRESTON CLOSE?

10 PRESTON CLOSE is 118m² according to the EPC inspection conducted in September 2014. This puts it in the largest 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 10 PRESTON CLOSE lies on this distribution: 59% of detached houses houses are smaller than 10 PRESTON CLOSE, and 40% of houses are larger. Note that EPC data is not available for all properties in Redditch.

10 PRESTON CLOSE: Plot and Title Map

10 PRESTON CLOSE sits on a plot of roughly 0.086 of an acre, or 347m². The below map shows the location of 10 PRESTON 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 10 PRESTON 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 10 PRESTON CLOSE?

10 PRESTON CLOSE is located in REDDITCH, in the B98 postcode district. The below map shows the position of No. 10 on PRESTON CLOSE.