2, ALVESTON CLOSE, REDDITCH, B98 0TF - £187,000

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.

2 ALVESTON CLOSE is a small extended detached house of 91m², built sometime between 1976 and 1982, which could now be worth an estimated £322,435. It was last sold for £187,000 in May 2012, which was around 15% below the average May 2012 detached price in the Redditch local authority area. The most recent EPC inspection was January 2012, where the current energy rating was D, and the potential energy rating was C.

2 ALVESTON CLOSE Sold Prices

Land registry data shows four sales for 2 ALVESTON CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Redditch local authority area for the corresponding sale date. All of the four 2 ALVESTON 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
2012 11 MAY	£187,000	£220,831	15% below HPI
2007 9 FEB	£165,000	£235,806	30% below HPI
2002 9 DEC	£128,000	£181,769	30% below HPI
1998 20 MAY	£75,000	£96,197	22% below HPI

2 ALVESTON 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 four 2 ALVESTON CLOSE sales between May 1998 and May 2012 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 February 2007 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the May 2012 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 2 ALVESTON CLOSE be worth now?

2 ALVESTON CLOSE might now be worth an estimated £322,435.

This is based on house price inflation of 72.4%, between May 2012 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 72.4% inflationary increase is applied to the most recent sale price for 2 ALVESTON CLOSE of £187,000 on 11th May 2012. For the value to have increased from £187,000 to £322,435 over the thirteen years and three months to February 2025, the following assumptions must hold true:

• The value of 2 ALVESTON CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The May 2012 sale price of £187,000 represented a fair market value for the property.
• The size, condition, and specification of 2 ALVESTON CLOSE has not materially changed since May 2012.

How Large is 2 ALVESTON CLOSE?

2 ALVESTON CLOSE is 91m², which includes one extension, according to the EPC inspection conducted in January 2012. 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 2 ALVESTON CLOSE lies on this distribution: 24% of detached houses houses are smaller than 2 ALVESTON CLOSE, and 76% of houses are larger. Note that EPC data is not available for all properties in Redditch.

2 ALVESTON CLOSE: Plot and Title Map

2 ALVESTON CLOSE sits on a plot of roughly 0.070 of an acre, or 282m². The below map shows the location of 2 ALVESTON 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 2 ALVESTON 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 2 ALVESTON CLOSE?

2 ALVESTON CLOSE is located in REDDITCH, in the B98 postcode district. The below map shows the position of No. 2 on ALVESTON CLOSE.