3, ELGAR CLOSE, HEADLESS CROSS, REDDITCH, B97 5GJ - £523,000

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

3 ELGAR CLOSE is a very large extended detached house of 144m², built sometime between 1996 and 2002, which could now be worth an estimated £586,414. It was last sold for £523,000 in January 2021, which was around 52% above the average January 2021 detached price in the Redditch local authority area. The most recent EPC inspection was June 2013, where the current energy rating was C, and the potential energy rating was B.

3 ELGAR CLOSE Sold Prices

Land registry data shows five sales for 3 ELGAR 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. All of the five 3 ELGAR 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
2021 21 JAN	£523,000	£344,982	52% above HPI
2013 18 OCT	£317,500	£237,457	34% above HPI
2008 22 AUG	£330,000	£233,584	41% above HPI
2008 1 JUN	£345,000	£235,529	46% above HPI
2002 19 DEC	£267,500	£181,769	47% above HPI

3 ELGAR 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 3 ELGAR CLOSE sales between December 2002 and January 2021 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 October 2013 sale was for 34% above the HPI. So the extrapolation line tracks at 34% above the HPI over time, until the January 2021 sale, where it rises to 52% above the HPI. The line then continues to track at 52% above the HPI.

What might 3 ELGAR CLOSE be worth now?

3 ELGAR CLOSE might now be worth an estimated £586,414.

This is based on house price inflation of 12.1%, between January 2021 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 12.1% inflationary increase is applied to the most recent sale price for 3 ELGAR CLOSE of £523,000 on 21st January 2021. For the value to have increased from £523,000 to £586,414 over the two years and one month to December 2024, the following assumptions must hold true:

• The value of 3 ELGAR CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The January 2021 sale price of £523,000 represented a fair market value for the property.
• The size, condition, and specification of 3 ELGAR CLOSE has not materially changed since January 2021.

How Large is 3 ELGAR CLOSE?

3 ELGAR CLOSE is 144m², which includes one extension, according to the EPC inspection conducted in June 2013. This puts it in the largest 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 3 ELGAR CLOSE lies on this distribution: 84% of detached houses houses are smaller than 3 ELGAR CLOSE, and 16% of houses are larger. Note that EPC data is not available for all properties in Redditch.

3 ELGAR CLOSE: Plot and Title Map

3 ELGAR CLOSE sits on a plot of roughly 0.145 of an acre, or 587m². The below map shows the location of 3 ELGAR 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 3 ELGAR 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 3 ELGAR CLOSE?

3 ELGAR CLOSE is located in HEADLESS CROSS, in the B97 postcode district. The below map shows the position of No. 3 on ELGAR CLOSE.