2, MILFORD CLOSE, REDDITCH, B97 5PZ - £385,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

2 MILFORD CLOSE is a small detached house of 89m², built sometime between 1983 and 1990. It was last sold for £385,000 in December 2022, which was around 7% below the average December 2022 detached price in the Redditch local authority area. The most recent EPC inspection was March 2022, where the current energy rating was D, and the potential energy rating was B.

2 MILFORD CLOSE Sold Prices

Land registry data shows three sales for 2 MILFORD CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Redditch local authority area for the corresponding sale date. Two of the three 2 MILFORD CLOSE sales were for below the average price, whilst one was 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
2022 12 DEC	£385,000	£413,071	7% below HPI
2017 14 AUG	£300,000	£310,434	3% below HPI
1996 6 DEC	£96,000	£88,790	8% above HPI

2 MILFORD 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 three 2 MILFORD CLOSE sales between December 1996 and December 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 August 2017 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the December 2022 sale, where it falls to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is 2 MILFORD CLOSE?

2 MILFORD CLOSE is 89m² according to the EPC inspection conducted in March 2022. This puts it in the smallest 30% of detached houses in Redditch, based on EPC data. The below chart shows the distribution of detached houses by size in Redditch, and where 2 MILFORD CLOSE lies on this distribution: 22% of detached houses are smaller than 2 MILFORD CLOSE, and 77% of houses are larger. Note that EPC data is not available for all properties in Redditch.

2 MILFORD CLOSE: Plot and Title Map

2 MILFORD CLOSE sits on a plot of roughly 0.110 of an acre, or 444m². The below map shows the location of 2 MILFORD 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 MILFORD 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 MILFORD CLOSE?

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