23, CHELMARSH CLOSE, REDDITCH, B98 8SQ - £335,000

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.

23 CHELMARSH CLOSE is a small detached house of 96m², built sometime between 1983 and 1990, which could now be worth an estimated £400,787. It was last sold for £335,000 in May 2019, which was around 5% above the average May 2019 detached price in the Redditch local authority area. The most recent EPC inspection was October 2016, where the current energy rating was D, and the potential energy rating was B.

23 CHELMARSH CLOSE Sold Prices

Land registry data shows four sales for 23 CHELMARSH 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 23 CHELMARSH 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
2019 9 MAY	£335,000	£318,267	5% above HPI
2017 31 JAN	£273,000	£295,450	8% below HPI
2007 9 JAN	£230,000	£234,797	2% below HPI
2002 3 MAY	£127,500	£150,034	15% below HPI

23 CHELMARSH 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 23 CHELMARSH CLOSE sales between May 2002 and May 2019 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 January 2017 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the May 2019 sale, where it rises to 5% above the HPI. The line then continues to track at 5% above the HPI.

What might 23 CHELMARSH CLOSE be worth now?

23 CHELMARSH CLOSE might now be worth an estimated £400,787.

This is based on house price inflation of 19.6%, between May 2019 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 19.6% inflationary increase is applied to the most recent sale price for 23 CHELMARSH CLOSE of £335,000 on 9th May 2019. For the value to have increased from £335,000 to £400,787 over the six years and three months to February 2025, the following assumptions must hold true:

• The value of 23 CHELMARSH CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The May 2019 sale price of £335,000 represented a fair market value for the property.
• The size, condition, and specification of 23 CHELMARSH CLOSE has not materially changed since May 2019.

How Large is 23 CHELMARSH CLOSE?

23 CHELMARSH CLOSE is 96m² according to the EPC inspection conducted in October 2016. This puts it in the smallest 30% 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 23 CHELMARSH CLOSE lies on this distribution: 30% of detached houses houses are smaller than 23 CHELMARSH CLOSE, and 69% of houses are larger. Note that EPC data is not available for all properties in Redditch.

23 CHELMARSH CLOSE: Plot and Title Map

23 CHELMARSH CLOSE sits on a plot of roughly 0.074 of an acre, or 299m². The below map shows the location of 23 CHELMARSH 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 23 CHELMARSH 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 23 CHELMARSH CLOSE?

23 CHELMARSH CLOSE is located in REDDITCH, in the B98 postcode district. The below map shows the position of No. 23 on CHELMARSH CLOSE.