3, LENCH CLOSE, REDDITCH, B97 6TU - £260,000

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.

3 LENCH CLOSE is a large detached house of 122m², built sometime between 1996 and 2002, which could now be worth an estimated £365,717. It was last sold for £260,000 in September 2015, which was around 4% below the average September 2015 detached price in the Redditch local authority area. The most recent EPC inspection was March 2015, where the current energy rating was D, and the potential energy rating was C.

3 LENCH CLOSE Sold Prices

Land registry data shows four sales for 3 LENCH 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. two of the four 3 LENCH CLOSE sales were for below the average price, and four 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
2015 24 SEP	£260,000	£270,700	4% below HPI
2003 11 JUL	£190,000	£191,941	1% below HPI
2003 21 FEB	£196,000	£177,372	11% above HPI
2001 23 NOV	£163,995	£140,327	17% above HPI

3 LENCH 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 3 LENCH CLOSE sales between November 2001 and September 2015 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 2003 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the September 2015 sale, where it falls to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 3 LENCH CLOSE be worth now?

3 LENCH CLOSE might now be worth an estimated £365,717.

This is based on house price inflation of 40.7%, between September 2015 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 40.7% inflationary increase is applied to the most recent sale price for 3 LENCH CLOSE of £260,000 on 24th September 2015. For the value to have increased from £260,000 to £365,717 over the ten years and seven months to February 2025, the following assumptions must hold true:

• The value of 3 LENCH CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The September 2015 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of 3 LENCH CLOSE has not materially changed since September 2015.

How Large is 3 LENCH CLOSE?

3 LENCH CLOSE is 122m² according to the EPC inspection conducted in March 2015. This puts it in the largest 40% 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 LENCH CLOSE lies on this distribution: 64% of detached houses houses are smaller than 3 LENCH CLOSE, and 35% of houses are larger. Note that EPC data is not available for all properties in Redditch.

3 LENCH CLOSE: Plot and Title Map

3 LENCH CLOSE sits on a plot of roughly 0.087 of an acre, or 353m². The below map shows the location of 3 LENCH 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 LENCH 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 LENCH CLOSE?

3 LENCH CLOSE is located in REDDITCH, in the B97 postcode district. The below map shows the position of No. 3 on LENCH CLOSE.