13, WELFORD CLOSE, REDDITCH, B98 7YN - £270,000

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.

13 WELFORD CLOSE is a small extended detached house of 98m², built sometime between 1976 and 1982, which could now be worth an estimated £319,529. It was last sold for £270,000 in August 2019, which was around 16% below the average August 2019 detached price in the Redditch local authority area. The most recent EPC inspection was February 2014, where the current energy rating was D, and the potential energy rating was B.

13 WELFORD CLOSE Sold Prices

Land registry data shows three sales for 13 WELFORD 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. All of the three 13 WELFORD 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
2019 23 AUG	£270,000	£321,747	16% below HPI
2014 24 APR	£225,000	£243,055	7% below HPI
2006 26 OCT	£199,000	£236,651	16% below HPI

13 WELFORD 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 13 WELFORD CLOSE sales between October 2006 and August 2019 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 April 2014 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the August 2019 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 13 WELFORD CLOSE be worth now?

13 WELFORD CLOSE might now be worth an estimated £319,529.

This is based on house price inflation of 18.3%, between August 2019 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 18.3% inflationary increase is applied to the most recent sale price for 13 WELFORD CLOSE of £270,000 on 23rd August 2019. For the value to have increased from £270,000 to £319,529 over the six years and six months to February 2025, the following assumptions must hold true:

• The value of 13 WELFORD CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The August 2019 sale price of £270,000 represented a fair market value for the property.
• The size, condition, and specification of 13 WELFORD CLOSE has not materially changed since August 2019.

How Large is 13 WELFORD CLOSE?

13 WELFORD CLOSE is 98m², which includes two extensions, according to the EPC inspection conducted in February 2014. This puts it in the smallest 40% 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 13 WELFORD CLOSE lies on this distribution: 32% of detached houses houses are smaller than 13 WELFORD CLOSE, and 67% of houses are larger. Note that EPC data is not available for all properties in Redditch.

13 WELFORD CLOSE: Plot and Title Map

13 WELFORD CLOSE sits on a plot of roughly 0.097 of an acre, or 393m². The below map shows the location of 13 WELFORD 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 13 WELFORD 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 13 WELFORD CLOSE?

13 WELFORD CLOSE is located in REDDITCH, in the B98 postcode district. The below map shows the position of No. 13 on WELFORD CLOSE.