27, MARCHWOOD CLOSE, REDDITCH, B97 6TX - £283,000

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 MARCHWOOD CLOSE is a very small detached house of 64m², built sometime between 1996 and 2002, which could now be worth an estimated £271,897. It was last sold for £283,000 in October 2022, which was around 29% below the average October 2022 detached price in the Redditch local authority area. The most recent EPC inspection was June 2022, where the current energy rating was C, and the potential energy rating was B.

27 MARCHWOOD CLOSE Sold Prices

Land registry data shows four sales for 27 MARCHWOOD 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. All of the four 27 MARCHWOOD 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
2022 31 OCT	£283,000	£396,317	29% below HPI
2012 17 DEC	£150,000	£227,449	34% below HPI
2004 27 FEB	£152,000	£199,906	24% below HPI
2000 30 NOV	£93,995	£124,903	25% below HPI

27 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 four 27 MARCHWOOD CLOSE sales between November 2000 and October 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 December 2012 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the October 2022 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might 27 MARCHWOOD CLOSE be worth now?

27 MARCHWOOD CLOSE might now be worth an estimated £271,897.

This is based on house price deflation of 3.9%, between October 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 3.9% deflationary decrease is applied to the most recent sale price for 27 MARCHWOOD CLOSE of £283,000 on 31st October 2022. For the value to have decreased from £283,000 to £271,897 over the three years and eight months to February 2025, the following assumptions must hold true:

• The value of 27 MARCHWOOD CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The October 2022 sale price of £283,000 represented a fair market value for the property.
• The size, condition, and specification of 27 MARCHWOOD CLOSE has not materially changed since October 2022.

How Large is 27 MARCHWOOD CLOSE?

27 MARCHWOOD CLOSE is 64m² according to the EPC inspection conducted in June 2022. This puts it in the smallest 10% 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 MARCHWOOD CLOSE lies on this distribution: 3% of detached houses houses are smaller than 27 MARCHWOOD CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Redditch.

27 MARCHWOOD CLOSE: Plot and Title Map

27 MARCHWOOD CLOSE sits on a plot of roughly 0.058 of an acre, or 235m². The below map shows the location of 27 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 27 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 27 MARCHWOOD CLOSE?

27 MARCHWOOD CLOSE is located in REDDITCH, in the B97 postcode district. The below map shows the position of No. 27 on MARCHWOOD CLOSE.