22, OTTER CLOSE, REDDITCH, B98 0SJ - £250,000

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

22 OTTER CLOSE is a very large detached house of 152m², built sometime between 1991 and 1995, which could now be worth an estimated £500,327. It was last sold for £250,000 in June 2003, which was around 29% above the average June 2003 detached price in the Redditch local authority area. The most recent EPC inspection was February 2024, where the current energy rating was C, and the potential energy rating was B.

22 OTTER CLOSE Sold Prices

Land registry data shows three sales for 22 OTTER 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. All of the three 22 OTTER 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
2003 27 JUN	£250,000	£193,279	29% above HPI
2001 6 APR	£142,000	£127,976	11% above HPI
1996 31 MAY	£94,000	£86,484	9% above HPI

22 OTTER 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 22 OTTER CLOSE sales between May 1996 and June 2003 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 April 2001 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the June 2003 sale, where it rises to 29% above the HPI. The line then continues to track at 29% above the HPI.

What might 22 OTTER CLOSE be worth now?

22 OTTER CLOSE might now be worth an estimated £500,327.

This is based on house price inflation of 100.1%, between June 2003 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 100.1% inflationary increase is applied to the most recent sale price for 22 OTTER CLOSE of £250,000 on 27th June 2003. For the value to have increased from £250,000 to £500,327 over the twenty years and six months to December 2024, the following assumptions must hold true:

• The value of 22 OTTER CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The June 2003 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 22 OTTER CLOSE has not materially changed since June 2003.

How Large is 22 OTTER CLOSE?

22 OTTER CLOSE is 152m² according to the EPC inspection conducted in February 2024. This puts it in the largest 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 22 OTTER CLOSE lies on this distribution: 88% of detached houses houses are smaller than 22 OTTER CLOSE, and 12% of houses are larger. Note that EPC data is not available for all properties in Redditch.

22 OTTER CLOSE: Plot and Title Map

22 OTTER CLOSE sits on a plot of roughly 0.096 of an acre, or 390m². The below map shows the location of 22 OTTER 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 22 OTTER 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 22 OTTER CLOSE?

22 OTTER CLOSE is located in REDDITCH, in the B98 postcode district. The below map shows the position of No. 22 on OTTER CLOSE.