2, SHELLEY CLOSE, REDDITCH, B97 5BE - £300,000

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 SHELLEY CLOSE is a very small extended detached house of 82m², built sometime between 1950 and 1966, which could now be worth an estimated £336,416. It was last sold for £300,000 in November 2020, which was around 12% below the average November 2020 detached price in the Redditch local authority area. The most recent EPC inspection was June 2013, where the current energy rating was D, and the potential energy rating was C.

2 SHELLEY CLOSE Sold Prices

Land registry data shows two sales for 2 SHELLEY 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 SHELLEY 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
2020 13 NOV	£300,000	£339,551	12% below HPI
2013 30 AUG	£220,000	£228,291	4% below HPI

2 SHELLEY 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 SHELLEY CLOSE sales from August 2013 and November 2020 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 2013 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the November 2020 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 2 SHELLEY CLOSE be worth now?

2 SHELLEY CLOSE might now be worth an estimated £336,416.

This is based on house price inflation of 12.1%, between November 2020 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 12.1% inflationary increase is applied to the most recent sale price for 2 SHELLEY CLOSE of £300,000 on 13th November 2020. For the value to have increased from £300,000 to £336,416 over the five years and nine months to February 2025, the following assumptions must hold true:

• The value of 2 SHELLEY CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The November 2020 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of 2 SHELLEY CLOSE has not materially changed since November 2020.

How Large is 2 SHELLEY CLOSE?

2 SHELLEY CLOSE is 82m², which includes one extension, according to the EPC inspection conducted in June 2013. This puts it in the smallest 20% 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 SHELLEY CLOSE lies on this distribution: 14% of detached houses houses are smaller than 2 SHELLEY CLOSE, and 85% of houses are larger. Note that EPC data is not available for all properties in Redditch.

2 SHELLEY CLOSE: Plot and Title Map

2 SHELLEY CLOSE sits on a plot of roughly 0.178 of an acre, or 722m². The below map shows the location of 2 SHELLEY 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 SHELLEY 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 SHELLEY CLOSE?

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