18, RADWAY CLOSE, REDDITCH, B98 8RZ - £251,000

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

18 RADWAY CLOSE is a small extended detached house of 102m², built sometime between 1991 and 1995, which could now be worth an estimated £248,494. It was last sold for £251,000 in November 2023, which was around 36% below the average November 2023 detached price in the Redditch local authority area. The most recent EPC inspection was August 2024, where the current energy rating was B, and the potential energy rating was B.

18 RADWAY CLOSE Sold Prices

Land registry data shows two sales for 18 RADWAY CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Redditch local authority area for the corresponding sale date. Both of the two 18 RADWAY 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 8 NOV	£251,000	£390,712	36% below HPI
2007 28 JUN	£214,000	£239,230	11% below HPI

18 RADWAY 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 two 18 RADWAY CLOSE sales from June 2007 and November 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 June 2007 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the November 2023 sale, where it falls to 36% below the HPI. The line then continues to track at 36% below the HPI.

What might 18 RADWAY CLOSE be worth now?

18 RADWAY CLOSE might now be worth an estimated £248,494.

This is based on house price deflation of 1%, between November 2023 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 1% deflationary decrease is applied to the most recent sale price for 18 RADWAY CLOSE of £251,000 on 8th November 2023. For the value to have decreased from £251,000 to £248,494 over the eleven months to December 2024, the following assumptions must hold true:

• The value of 18 RADWAY CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The November 2023 sale price of £251,000 represented a fair market value for the property.
• The size, condition, and specification of 18 RADWAY CLOSE has not materially changed since November 2023.

How Large is 18 RADWAY CLOSE?

18 RADWAY CLOSE is 102m², which includes one extension, according to the EPC inspection conducted in August 2024. 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 18 RADWAY CLOSE lies on this distribution: 38% of detached houses houses are smaller than 18 RADWAY CLOSE, and 61% of houses are larger. Note that EPC data is not available for all properties in Redditch.

18 RADWAY CLOSE: Plot and Title Map

18 RADWAY CLOSE sits on a plot of roughly 0.061 of an acre, or 248m². The below map shows the location of 18 RADWAY 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 18 RADWAY 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 18 RADWAY CLOSE?

18 RADWAY CLOSE is located in REDDITCH, in the B98 postcode district. The below map shows the position of No. 18 on RADWAY CLOSE.