16, MICHAELWOOD CLOSE, REDDITCH, B97 5YB - £165,000

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

16 MICHAELWOOD CLOSE is a very small detached house of 54m², built sometime between 1983 and 1990, which could now be worth an estimated £275,309. It was last sold for £165,000 in February 2013, which was around 29% below the average February 2013 detached price in the Redditch local authority area. The most recent EPC inspection was November 2012, where the current energy rating was D, and the potential energy rating was B.

16 MICHAELWOOD CLOSE Sold Prices

Land registry data shows three sales for 16 MICHAELWOOD 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 MICHAELWOOD 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
2013 7 FEB	£165,000	£231,826	29% below HPI
1998 11 NOV	£69,000	£100,096	31% below HPI
1996 22 MAR	£59,000	£87,725	33% below HPI

16 MICHAELWOOD 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 MICHAELWOOD CLOSE sales between March 1996 and February 2013 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 November 1998 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the February 2013 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 16 MICHAELWOOD CLOSE be worth now?

16 MICHAELWOOD CLOSE might now be worth an estimated £275,309.

This is based on house price inflation of 66.9%, between February 2013 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 66.9% inflationary increase is applied to the most recent sale price for 16 MICHAELWOOD CLOSE of £165,000 on 7th February 2013. For the value to have increased from £165,000 to £275,309 over the ten years and two months to December 2024, the following assumptions must hold true:

• The value of 16 MICHAELWOOD CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The February 2013 sale price of £165,000 represented a fair market value for the property.
• The size, condition, and specification of 16 MICHAELWOOD CLOSE has not materially changed since February 2013.

How Large is 16 MICHAELWOOD CLOSE?

16 MICHAELWOOD CLOSE is 54m² according to the EPC inspection conducted in November 2012. This puts it in the smallest 10% 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 MICHAELWOOD CLOSE lies on this distribution: 1% of detached houses houses are smaller than 16 MICHAELWOOD CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Redditch.

16 MICHAELWOOD CLOSE: Plot and Title Map

16 MICHAELWOOD CLOSE sits on a plot of roughly 0.055 of an acre, or 221m². The below map shows the location of 16 MICHAELWOOD 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 MICHAELWOOD 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 MICHAELWOOD CLOSE?

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