3, MORVILLE STREET, WEBHEATH, REDDITCH, B97 5GA - £379,000

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 MORVILLE STREET is a midsized detached house of 108m², which could now be worth an estimated £387,383. It was last sold for £379,000 in March 2022, which was around 2% above the average March 2022 detached price in the Redditch local authority area. The most recent EPC inspection was July 2019, where the current energy rating was B, and the potential energy rating was A.

3 MORVILLE STREET Sold Prices

Land registry data shows two sales for 3 MORVILLE STREET 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. One of the two 3 MORVILLE STREET sales was for above the average price, whilst the other was roughly equal to 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 MAR	£379,000	£372,528	2% above HPI
2019 14 JUN	£317,950	£318,396	Close to HPI

3 MORVILLE STREET 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 MORVILLE STREET sales from June 2019 and March 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 June 2019 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the March 2022 sale, where it rises to 2% above the HPI. The line then continues to track at 2% above the HPI.

What might 3 MORVILLE STREET be worth now?

3 MORVILLE STREET might now be worth an estimated £387,383.

This is based on house price inflation of 2.2%, between March 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 2.2% inflationary increase is applied to the most recent sale price for 3 MORVILLE STREET of £379,000 on 31st March 2022. For the value to have increased from £379,000 to £387,383 over the three years and one month to February 2025, the following assumptions must hold true:

• The value of 3 MORVILLE STREET has moved in line with the HPI for detached houses in the Redditch local authority area.
• The March 2022 sale price of £379,000 represented a fair market value for the property.
• The size, condition, and specification of 3 MORVILLE STREET has not materially changed since March 2022.

How Large is 3 MORVILLE STREET?

3 MORVILLE STREET is 108m² according to the EPC inspection conducted in July 2019. This puts it in the smallest 50% 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 MORVILLE STREET lies on this distribution: 45% of detached houses houses are smaller than 3 MORVILLE STREET, and 55% of houses are larger. Note that EPC data is not available for all properties in Redditch.

3 MORVILLE STREET: Plot and Title Map

3 MORVILLE STREET sits on a plot of roughly 0.099 of an acre, or 400m². The below map shows the location of 3 MORVILLE STREET, 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 MORVILLE STREET). 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 MORVILLE STREET?

3 MORVILLE STREET is located in WEBHEATH, in the B97 postcode district. The below map shows the position of No. 3 on MORVILLE STREET.