2, PERRYFIELDS CLOSE, REDDITCH, B98 7YP - £277,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 PERRYFIELDS CLOSE is a very small extended detached house of 74m², built sometime between 1983 and 1990, which could now be worth an estimated £269,688. It was last sold for £277,500 in November 2022, which was around 30% below the average November 2022 detached price in the Redditch local authority area. The most recent EPC inspection was January 2022, where the current energy rating was D, and the potential energy rating was B.

2 PERRYFIELDS CLOSE Sold Prices

Land registry data shows five sales for 2 PERRYFIELDS 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 2 PERRYFIELDS 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 25 NOV	£277,500	£398,016	30% below HPI
2018 2 FEB	£239,950	£309,074	22% below HPI
2011 13 MAY	£172,000	£225,406	24% below HPI
2004 28 JUN	£168,000	£205,005	18% below HPI
1996 24 MAY	£59,950	£86,484	31% below HPI

2 PERRYFIELDS 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 2 PERRYFIELDS CLOSE sales between May 1996 and November 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 February 2018 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the November 2022 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 2 PERRYFIELDS CLOSE be worth now?

2 PERRYFIELDS CLOSE might now be worth an estimated £269,688.

This is based on house price deflation of 2.8%, between November 2022 and December 2024, 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 2.8% deflationary decrease is applied to the most recent sale price for 2 PERRYFIELDS CLOSE of £277,500 on 25th November 2022. For the value to have decreased from £277,500 to £269,688 over the one year and eleven months to December 2024, the following assumptions must hold true:

• The value of 2 PERRYFIELDS CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The November 2022 sale price of £277,500 represented a fair market value for the property.
• The size, condition, and specification of 2 PERRYFIELDS CLOSE has not materially changed since November 2022.

How Large is 2 PERRYFIELDS CLOSE?

2 PERRYFIELDS CLOSE is 74m², which includes one extension, according to the EPC inspection conducted in January 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 PERRYFIELDS CLOSE lies on this distribution: 8% of detached houses houses are smaller than 2 PERRYFIELDS CLOSE, and 91% of houses are larger. Note that EPC data is not available for all properties in Redditch.

2 PERRYFIELDS CLOSE: Plot and Title Map

2 PERRYFIELDS CLOSE sits on a plot of roughly 0.065 of an acre, or 265m². The below map shows the location of 2 PERRYFIELDS 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 PERRYFIELDS 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 PERRYFIELDS CLOSE?

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