2, CHELMARSH CLOSE, REDDITCH, B98 8SQ - £396,190

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 CHELMARSH CLOSE is a large extended detached house of 135m², built sometime between 1976 and 1982, which could now be worth an estimated £432,167. It was last sold for £396,190 in June 2021, which was around 13% above the average June 2021 detached price in the Redditch local authority area. The most recent EPC inspection was August 2020, where the current energy rating was D, and the potential energy rating was B.

2 CHELMARSH CLOSE Sold Prices

Land registry data shows two sales for 2 CHELMARSH 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 2 CHELMARSH CLOSE sales were for above 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
2021 4 JUN	£396,190	£349,070	13% above HPI
2003 8 DEC	£249,950	£194,148	29% above HPI

2 CHELMARSH 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 2 CHELMARSH CLOSE sales from December 2003 and June 2021 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 December 2003 sale was for 29% above the HPI. So the extrapolation line tracks at 29% above the HPI over time, until the June 2021 sale, where it falls to 13% above the HPI. The line then continues to track at 13% above the HPI.

What might 2 CHELMARSH CLOSE be worth now?

2 CHELMARSH CLOSE might now be worth an estimated £432,167.

This is based on house price inflation of 9.1%, between June 2021 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 9.1% inflationary increase is applied to the most recent sale price for 2 CHELMARSH CLOSE of £396,190 on 4th June 2021. For the value to have increased from £396,190 to £432,167 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of 2 CHELMARSH CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The June 2021 sale price of £396,190 represented a fair market value for the property.
• The size, condition, and specification of 2 CHELMARSH CLOSE has not materially changed since June 2021.

How Large is 2 CHELMARSH CLOSE?

2 CHELMARSH CLOSE is 135m², which includes two extensions, according to the EPC inspection conducted in August 2020. This puts it in the largest 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 CHELMARSH CLOSE lies on this distribution: 77% of detached houses houses are smaller than 2 CHELMARSH CLOSE, and 22% of houses are larger. Note that EPC data is not available for all properties in Redditch.

2 CHELMARSH CLOSE: Plot and Title Map

2 CHELMARSH CLOSE sits on a plot of roughly 0.134 of an acre, or 543m². The below map shows the location of 2 CHELMARSH 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 CHELMARSH 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 CHELMARSH CLOSE?

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