12, FERNWOOD CLOSE, REDDITCH, B98 7TN - £312,500

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.

12 FERNWOOD CLOSE is a very small detached house of 79m², built sometime between 1996 and 2002, which could now be worth an estimated £364,437. It was last sold for £312,500 in November 2018, which was around 4% below the average November 2018 detached price in the Redditch local authority area. The most recent EPC inspection was August 2011, where the current energy rating was D, and the potential energy rating was D.

12 FERNWOOD CLOSE Sold Prices

Land registry data shows three sales for 12 FERNWOOD CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Redditch local authority area for the corresponding sale date. One of the three 12 FERNWOOD CLOSE sales was for below the average price, whilst two 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
2018 28 NOV	£312,500	£326,504	4% below HPI
2012 21 MAR	£230,000	£217,873	6% above HPI
1997 27 JUN	£94,950	£89,992	6% above HPI

12 FERNWOOD 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 three 12 FERNWOOD CLOSE sales between June 1997 and November 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 March 2012 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the November 2018 sale, where it falls to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 12 FERNWOOD CLOSE be worth now?

12 FERNWOOD CLOSE might now be worth an estimated £364,437.

This is based on house price inflation of 16.6%, between November 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 16.6% inflationary increase is applied to the most recent sale price for 12 FERNWOOD CLOSE of £312,500 on 28th November 2018. For the value to have increased from £312,500 to £364,437 over the seven years and nine months to February 2025, the following assumptions must hold true:

• The value of 12 FERNWOOD CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The November 2018 sale price of £312,500 represented a fair market value for the property.
• The size, condition, and specification of 12 FERNWOOD CLOSE has not materially changed since November 2018.

How Large is 12 FERNWOOD CLOSE?

12 FERNWOOD CLOSE is 79m² according to the EPC inspection conducted in August 2011. This puts it in the smallest 20% 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 12 FERNWOOD CLOSE lies on this distribution: 12% of detached houses houses are smaller than 12 FERNWOOD CLOSE, and 88% of houses are larger. Note that EPC data is not available for all properties in Redditch.

12 FERNWOOD CLOSE: Plot and Title Map

12 FERNWOOD CLOSE sits on a plot of roughly 0.135 of an acre, or 545m². The below map shows the location of 12 FERNWOOD 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 12 FERNWOOD 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 12 FERNWOOD CLOSE?

12 FERNWOOD CLOSE is located in REDDITCH, in the B98 postcode district. The below map shows the position of No. 12 on FERNWOOD CLOSE.