23, LECHLADE CLOSE, REDDITCH, B98 8RN - £350,000

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

23 LECHLADE CLOSE is a large detached house of 135m², built sometime between 1991 and 1995. It was last sold for £350,000 in August 2019, which was around 9% above the average August 2019 detached price in the Redditch local authority area. The most recent EPC inspection was August 2024, where the current energy rating was C, and the potential energy rating was B.

23 LECHLADE CLOSE Sold Prices

Land registry data shows three sales for 23 LECHLADE 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 23 LECHLADE 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
2019 6 AUG	£350,000	£321,747	9% above HPI
2013 8 JUL	£249,999	£227,340	10% above HPI
2000 24 NOV	£158,500	£124,903	27% above HPI

23 LECHLADE 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 23 LECHLADE CLOSE sales between November 2000 and August 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 July 2013 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the August 2019 sale, where it falls to 9% above the HPI. The line then continues to track at 9% above the HPI.

What might 23 LECHLADE CLOSE be worth now?

23 LECHLADE CLOSE might now be worth an estimated £420,777.

This is based on house price inflation of 20.2%, between August 2019 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 20.2% inflationary increase is applied to the most recent sale price for 23 LECHLADE CLOSE of £350,000 on 6th August 2019. For the value to have increased from £350,000 to £420,777 over the four years and eight months to December 2024, the following assumptions must hold true:

• The value of 23 LECHLADE CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The August 2019 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of 23 LECHLADE CLOSE has not materially changed since August 2019.

How Large is 23 LECHLADE CLOSE?

23 LECHLADE CLOSE is 135m² according to the EPC inspection conducted in August 2024. This puts it in the largest 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 LECHLADE CLOSE lies on this distribution: 77% of detached houses houses are smaller than 23 LECHLADE CLOSE, and 22% of houses are larger. Note that EPC data is not available for all properties in Redditch.

23 LECHLADE CLOSE: Plot and Title Map

23 LECHLADE CLOSE sits on a plot of roughly 0.143 of an acre, or 578m². The below map shows the location of 23 LECHLADE 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 LECHLADE 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 LECHLADE CLOSE?

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