2, LENCH CLOSE, REDDITCH, B97 6TU - £266,000

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 LENCH CLOSE is a very small detached house of 71m², built sometime between 1996 and 2002, which could now be worth an estimated £257,245. It was last sold for £266,000 in August 2022, which was around 32% below the average August 2022 detached price in the Redditch local authority area. The most recent EPC inspection was June 2022, where the current energy rating was C, and the potential energy rating was B.

2 LENCH CLOSE Sold Prices

Land registry data shows two sales for 2 LENCH 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 LENCH 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
2022 23 AUG	£266,000	£393,727	32% below HPI
2001 5 OCT	£109,795	£141,135	22% below HPI

2 LENCH 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 LENCH CLOSE sales from October 2001 and August 2022 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 October 2001 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the August 2022 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

What might 2 LENCH CLOSE be worth now?

2 LENCH CLOSE might now be worth an estimated £257,245.

This is based on house price deflation of 3.3%, between August 2022 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 3.3% deflationary decrease is applied to the most recent sale price for 2 LENCH CLOSE of £266,000 on 23rd August 2022. For the value to have decreased from £266,000 to £257,245 over the three years and six months to February 2025, the following assumptions must hold true:

• The value of 2 LENCH CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The August 2022 sale price of £266,000 represented a fair market value for the property.
• The size, condition, and specification of 2 LENCH CLOSE has not materially changed since August 2022.

How Large is 2 LENCH CLOSE?

2 LENCH CLOSE is 71m² according to the EPC inspection conducted in June 2022. This puts it in the smallest 10% 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 LENCH CLOSE lies on this distribution: 6% of detached houses houses are smaller than 2 LENCH CLOSE, and 93% of houses are larger. Note that EPC data is not available for all properties in Redditch.

2 LENCH CLOSE: Plot and Title Map

2 LENCH CLOSE sits on a plot of roughly 0.047 of an acre, or 192m². The below map shows the location of 2 LENCH 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 LENCH 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 LENCH CLOSE?

2 LENCH CLOSE is located in REDDITCH, in the B97 postcode district. The below map shows the position of No. 2 on LENCH CLOSE.