3, MILTON CLOSE, REDDITCH, B97 5BQ - £316,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

3 MILTON CLOSE is a small extended detached house of 102m², built sometime between 1950 and 1966. It was last sold for £316,000 in April 2021, which was around 12% below the average April 2021 detached price in the Redditch local authority area. The most recent EPC inspection was December 2015, where the current energy rating was D, and the potential energy rating was B.

3 MILTON CLOSE Sold Prices

Land registry data shows two sales for 3 MILTON 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. Both of the two 3 MILTON 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
2021 8 APR	£316,000	£358,294	12% below HPI
2016 8 FEB	£235,000	£284,358	17% below HPI

3 MILTON 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 3 MILTON CLOSE sales from February 2016 and April 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 February 2016 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the April 2021 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 3 MILTON CLOSE?

3 MILTON CLOSE is 102m², which includes two extensions, according to the EPC inspection conducted in December 2015. This puts it in the smallest 40% of detached houses in Redditch, based on EPC data. The below chart shows the distribution of detached houses by size in Redditch, and where 3 MILTON CLOSE lies on this distribution: 38% of detached houses are smaller than 3 MILTON CLOSE, and 61% of houses are larger. Note that EPC data is not available for all properties in Redditch.

3 MILTON CLOSE: Plot and Title Map

3 MILTON CLOSE sits on a plot of roughly 0.102 of an acre, or 412m². The below map shows the location of 3 MILTON 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 MILTON 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 MILTON CLOSE?

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