24, MARCHWOOD CLOSE, REDDITCH, B97 6TX - £390,000

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.

24 MARCHWOOD CLOSE is a midsized detached house of 113m², built sometime between 1996 and 2002, which could now be worth an estimated £381,737. It was last sold for £390,000 in July 2022, which was about the average July 2022 detached price in the Redditch local authority area. The most recent EPC inspection was February 2022, where the current energy rating was C, and the potential energy rating was B.

24 MARCHWOOD CLOSE Sold Prices

Land registry data shows two sales for 24 MARCHWOOD 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. One of the two 24 MARCHWOOD CLOSE sales was roughly equal to the average price, whilst the other was 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
2022 1 JUL	£390,000	£389,010	Close to HPI
2000 24 AUG	£127,995	£121,537	5% above HPI

24 MARCHWOOD 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 24 MARCHWOOD CLOSE sales from August 2000 and July 2022 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 2000 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the July 2022 sale, where it falls to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might 24 MARCHWOOD CLOSE be worth now?

24 MARCHWOOD CLOSE might now be worth an estimated £381,737.

This is based on house price deflation of 2.1%, between July 2022 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 2.1% deflationary decrease is applied to the most recent sale price for 24 MARCHWOOD CLOSE of £390,000 on 1st July 2022. For the value to have decreased from £390,000 to £381,737 over the three years and five months to February 2025, the following assumptions must hold true:

• The value of 24 MARCHWOOD CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The July 2022 sale price of £390,000 represented a fair market value for the property.
• The size, condition, and specification of 24 MARCHWOOD CLOSE has not materially changed since July 2022.

How Large is 24 MARCHWOOD CLOSE?

24 MARCHWOOD CLOSE is 113m² according to the EPC inspection conducted in February 2022. This puts it in the largest 50% 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 24 MARCHWOOD CLOSE lies on this distribution: 53% of detached houses houses are smaller than 24 MARCHWOOD CLOSE, and 46% of houses are larger. Note that EPC data is not available for all properties in Redditch.

24 MARCHWOOD CLOSE: Plot and Title Map

24 MARCHWOOD CLOSE sits on a plot of roughly 0.069 of an acre, or 280m². The below map shows the location of 24 MARCHWOOD 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 24 MARCHWOOD 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 24 MARCHWOOD CLOSE?

24 MARCHWOOD CLOSE is located in REDDITCH, in the B97 postcode district. The below map shows the position of No. 24 on MARCHWOOD CLOSE.