16, ELMSTONE CLOSE, REDDITCH, B97 5UR - £283,000

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.

16 ELMSTONE CLOSE is a small extended detached house of 93m², built sometime between 1983 and 1990, which could now be worth an estimated £379,857. It was last sold for £283,000 in August 2016, which was about the average August 2016 detached price in the Redditch local authority area. The most recent EPC inspection was February 2013, where the current energy rating was D, and the potential energy rating was B.

16 ELMSTONE CLOSE Sold Prices

Land registry data shows three sales for 16 ELMSTONE 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. The three 16 ELMSTONE CLOSE sales were a mix of roughly equal to the average price, and 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
2016 18 AUG	£283,000	£283,679	Close to HPI
2013 17 APR	£236,000	£232,354	2% above HPI
1998 30 JAN	£96,500	£93,604	3% above HPI

16 ELMSTONE 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 16 ELMSTONE CLOSE sales between January 1998 and August 2016 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 2013 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the August 2016 sale, where it falls to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might 16 ELMSTONE CLOSE be worth now?

16 ELMSTONE CLOSE might now be worth an estimated £379,857.

This is based on house price inflation of 34.2%, between August 2016 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 34.2% inflationary increase is applied to the most recent sale price for 16 ELMSTONE CLOSE of £283,000 on 18th August 2016. For the value to have increased from £283,000 to £379,857 over the nine years and six months to February 2025, the following assumptions must hold true:

• The value of 16 ELMSTONE CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The August 2016 sale price of £283,000 represented a fair market value for the property.
• The size, condition, and specification of 16 ELMSTONE CLOSE has not materially changed since August 2016.

How Large is 16 ELMSTONE CLOSE?

16 ELMSTONE CLOSE is 93m², which includes one extension, according to the EPC inspection conducted in February 2013. This puts it in the smallest 30% 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 16 ELMSTONE CLOSE lies on this distribution: 27% of detached houses houses are smaller than 16 ELMSTONE CLOSE, and 72% of houses are larger. Note that EPC data is not available for all properties in Redditch.

16 ELMSTONE CLOSE: Plot and Title Map

16 ELMSTONE CLOSE sits on a plot of roughly 0.073 of an acre, or 294m². The below map shows the location of 16 ELMSTONE 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 16 ELMSTONE 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 16 ELMSTONE CLOSE?

16 ELMSTONE CLOSE is located in REDDITCH, in the B97 postcode district. The below map shows the position of No. 16 on ELMSTONE CLOSE.