18, WELFORD CLOSE, REDDITCH, B98 7YN - £320,000

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.

18 WELFORD CLOSE is a small extended detached house of 91m², built sometime between 1976 and 1982, which could now be worth an estimated £317,295. It was last sold for £320,000 in December 2023, which was around 17% below the average December 2023 detached price in the Redditch local authority area. The most recent EPC inspection was December 2017, where the current energy rating was C, and the potential energy rating was B.

18 WELFORD CLOSE Sold Prices

Land registry data shows five sales for 18 WELFORD CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Redditch local authority area for the corresponding sale date. All of the five 18 WELFORD 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 19 DEC	£320,000	£384,014	17% below HPI
2018 29 MAR	£257,000	£309,874	17% below HPI
2003 20 JUN	£155,500	£193,279	20% below HPI
1999 23 JUL	£99,995	£104,356	4% below HPI
1996 18 JUL	£73,000	£84,536	14% below HPI

18 WELFORD 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 five 18 WELFORD CLOSE sales between July 1996 and December 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 March 2018 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the December 2023 sale, which was also at 17% below the HPI.

What might 18 WELFORD CLOSE be worth now?

18 WELFORD CLOSE might now be worth an estimated £317,295.

This is based on house price deflation of 0.8%, between December 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 0.8% deflationary decrease is applied to the most recent sale price for 18 WELFORD CLOSE of £320,000 on 19th December 2023. For the value to have decreased from £320,000 to £317,295 over the two years and ten months to February 2025, the following assumptions must hold true:

• The value of 18 WELFORD CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The December 2023 sale price of £320,000 represented a fair market value for the property.
• The size, condition, and specification of 18 WELFORD CLOSE has not materially changed since December 2023.

How Large is 18 WELFORD CLOSE?

18 WELFORD CLOSE is 91m², which includes one extension, according to the EPC inspection conducted in December 2017. 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 18 WELFORD CLOSE lies on this distribution: 24% of detached houses houses are smaller than 18 WELFORD CLOSE, and 74% of houses are larger. Note that EPC data is not available for all properties in Redditch.

18 WELFORD CLOSE: Plot and Title Map

18 WELFORD CLOSE sits on a plot of roughly 0.097 of an acre, or 394m². The below map shows the location of 18 WELFORD 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 WELFORD 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 WELFORD CLOSE?

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