16, JACOB CLOSE, REDDITCH, B97 6BT - £362,000

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 JACOB CLOSE is a midsized detached house of 112m², which could now be worth an estimated £348,180. It was last sold for £362,000 in May 2023, which was around 9% below the average May 2023 detached price in the Redditch local authority area. The most recent EPC inspection was October 2018, where the current energy rating was B, and the potential energy rating was A.

16 JACOB CLOSE Sold Prices

Land registry data shows three sales for 16 JACOB 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 16 JACOB 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
2023 31 MAY	£362,000	£395,881	9% below HPI
2022 25 APR	£345,000	£386,981	11% below HPI
2018 14 DEC	£305,000	£321,703	5% below HPI

16 JACOB 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 JACOB CLOSE sales between December 2018 and May 2023 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 2022 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the May 2023 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might 16 JACOB CLOSE be worth now?

16 JACOB CLOSE might now be worth an estimated £348,180.

This is based on house price deflation of 3.8%, between May 2023 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 3.8% deflationary decrease is applied to the most recent sale price for 16 JACOB CLOSE of £362,000 on 31st May 2023. For the value to have decreased from £362,000 to £348,180 over the two years and three months to February 2025, the following assumptions must hold true:

• The value of 16 JACOB CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The May 2023 sale price of £362,000 represented a fair market value for the property.
• The size, condition, and specification of 16 JACOB CLOSE has not materially changed since May 2023.

How Large is 16 JACOB CLOSE?

16 JACOB CLOSE is 112m² according to the EPC inspection conducted in October 2018. 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 16 JACOB CLOSE lies on this distribution: 50% of detached houses houses are smaller than 16 JACOB CLOSE, and 48% of houses are larger. Note that EPC data is not available for all properties in Redditch.

16 JACOB CLOSE: Plot and Title Map

16 JACOB CLOSE sits on a plot of roughly 0.061 of an acre, or 245m². The below map shows the location of 16 JACOB 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 JACOB 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 JACOB CLOSE?

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