16, MILFORD CLOSE, REDDITCH, B97 5PZ - £324,000

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 MILFORD CLOSE is a small detached house of 101m², built sometime between 1983 and 1990, which could now be worth an estimated £377,436. It was last sold for £324,000 in October 2019, which was around 1% below the average October 2019 detached price in the Redditch local authority area. The most recent EPC inspection was April 2019, where the current energy rating was D, and the potential energy rating was B.

16 MILFORD CLOSE Sold Prices

Land registry data shows three sales for 16 MILFORD 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 MILFORD CLOSE sales were a mix of below the average price, and roughly equal to 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 25 OCT	£324,000	£326,860	1% below HPI
2003 11 AUG	£192,500	£193,276	Close to HPI
2001 18 JAN	£125,500	£125,647	Close to HPI

16 MILFORD 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 MILFORD CLOSE sales between January 2001 and October 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 August 2003 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the October 2019 sale, where it falls to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might 16 MILFORD CLOSE be worth now?

16 MILFORD CLOSE might now be worth an estimated £377,436.

This is based on house price inflation of 16.5%, between October 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 16.5% inflationary increase is applied to the most recent sale price for 16 MILFORD CLOSE of £324,000 on 25th October 2019. For the value to have increased from £324,000 to £377,436 over the six years and eight months to February 2025, the following assumptions must hold true:

• The value of 16 MILFORD CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The October 2019 sale price of £324,000 represented a fair market value for the property.
• The size, condition, and specification of 16 MILFORD CLOSE has not materially changed since October 2019.

How Large is 16 MILFORD CLOSE?

16 MILFORD CLOSE is 101m² according to the EPC inspection conducted in April 2019. 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 16 MILFORD CLOSE lies on this distribution: 37% of detached houses houses are smaller than 16 MILFORD CLOSE, and 62% of houses are larger. Note that EPC data is not available for all properties in Redditch.

16 MILFORD CLOSE: Plot and Title Map

16 MILFORD CLOSE sits on a plot of roughly 0.073 of an acre, or 297m². The below map shows the location of 16 MILFORD 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 MILFORD 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 MILFORD CLOSE?

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