2, WOODGREEN CLOSE, CALLOW HILL, REDDITCH, B97 5YR - £425,000

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 WOODGREEN CLOSE is a large extended detached house of 120m², built sometime between 1983 and 1990, which could now be worth an estimated £463,593. It was last sold for £425,000 in June 2021, which was around 22% above the average June 2021 detached price in the Redditch local authority area. The most recent EPC inspection was July 2020, where the current energy rating was C, and the potential energy rating was B.

2 WOODGREEN CLOSE Sold Prices

Land registry data shows four sales for 2 WOODGREEN CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Redditch local authority area for the corresponding sale date. Most of the four 2 WOODGREEN 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 3 JUN	£425,000	£349,070	22% above HPI
2021 5 FEB	£325,000	£340,954	5% below HPI
2002 8 APR	£186,000	£148,430	25% above HPI
2000 31 MAY	£139,000	£115,758	20% above HPI

2 WOODGREEN 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 four 2 WOODGREEN CLOSE sales between May 2000 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 February 2021 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the June 2021 sale, where it rises to 22% above the HPI. The line then continues to track at 22% above the HPI.

What might 2 WOODGREEN CLOSE be worth now?

2 WOODGREEN CLOSE might now be worth an estimated £463,593.

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 WOODGREEN CLOSE of £425,000 on 3rd June 2021. For the value to have increased from £425,000 to £463,593 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of 2 WOODGREEN CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The June 2021 sale price of £425,000 represented a fair market value for the property.
• The size, condition, and specification of 2 WOODGREEN CLOSE has not materially changed since June 2021.

How Large is 2 WOODGREEN CLOSE?

2 WOODGREEN CLOSE is 120m², which includes one extension, according to the EPC inspection conducted in July 2020. This puts it in the largest 40% 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 WOODGREEN CLOSE lies on this distribution: 61% of detached houses houses are smaller than 2 WOODGREEN CLOSE, and 38% of houses are larger. Note that EPC data is not available for all properties in Redditch.

2 WOODGREEN CLOSE: Plot and Title Map

2 WOODGREEN CLOSE sits on a plot of roughly 0.122 of an acre, or 494m². The below map shows the location of 2 WOODGREEN 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 WOODGREEN 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 WOODGREEN CLOSE?

2 WOODGREEN CLOSE is located in CALLOW HILL, in the B97 postcode district. The below map shows the position of No. 2 on WOODGREEN CLOSE.