27, FERNWOOD CLOSE, REDDITCH, B98 7TN - £350,000

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.

27 FERNWOOD CLOSE is a very small detached house of 88m², built sometime between 1996 and 2002, which could now be worth an estimated £341,092. It was last sold for £350,000 in November 2023, which was around 10% below the average November 2023 detached price in the Redditch local authority area. The most recent EPC inspection was April 2023, where the current energy rating was C, and the potential energy rating was B.

27 FERNWOOD CLOSE Sold Prices

Land registry data shows five sales for 27 FERNWOOD CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Redditch local authority area for the corresponding sale date. Most of the five 27 FERNWOOD 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
2023 13 NOV	£350,000	£390,712	10% below HPI
2010 10 SEP	£195,000	£227,032	14% below HPI
2003 4 JUN	£182,000	£193,279	6% below HPI
1998 24 JUL	£93,500	£98,289	5% below HPI
1998 19 MAR	£94,980	£94,306	1% above HPI

27 FERNWOOD 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 five 27 FERNWOOD CLOSE sales between March 1998 and November 2023 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 September 2010 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the November 2023 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might 27 FERNWOOD CLOSE be worth now?

27 FERNWOOD CLOSE might now be worth an estimated £341,092.

This is based on house price deflation of 2.5%, between November 2023 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 2.5% deflationary decrease is applied to the most recent sale price for 27 FERNWOOD CLOSE of £350,000 on 13th November 2023. For the value to have decreased from £350,000 to £341,092 over the two years and nine months to February 2025, the following assumptions must hold true:

• The value of 27 FERNWOOD CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The November 2023 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of 27 FERNWOOD CLOSE has not materially changed since November 2023.

How Large is 27 FERNWOOD CLOSE?

27 FERNWOOD CLOSE is 88m² according to the EPC inspection conducted in April 2023. This puts it in the smallest 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 27 FERNWOOD CLOSE lies on this distribution: 20% of detached houses houses are smaller than 27 FERNWOOD CLOSE, and 79% of houses are larger. Note that EPC data is not available for all properties in Redditch.

27 FERNWOOD CLOSE: Plot and Title Map

27 FERNWOOD CLOSE sits on a plot of roughly 0.076 of an acre, or 307m². The below map shows the location of 27 FERNWOOD 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 27 FERNWOOD 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 27 FERNWOOD CLOSE?

27 FERNWOOD CLOSE is located in REDDITCH, in the B98 postcode district. The below map shows the position of No. 27 on FERNWOOD CLOSE.