3, PRESTON CLOSE, REDDITCH, B98 8RU - £240,000

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 PRESTON CLOSE is a midsized detached house of 118m², built sometime between 1983 and 1990, which could now be worth an estimated £402,163. It was last sold for £240,000 in June 2013, which was around 6% above the average June 2013 detached price in the Redditch local authority area. The most recent EPC inspection was February 2013, where the current energy rating was C, and the potential energy rating was B.

3 PRESTON CLOSE Sold Prices

Land registry data shows two sales for 3 PRESTON 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 PRESTON 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
2013 28 JUN	£240,000	£227,232	6% above HPI
1997 5 SEP	£98,000	£93,705	5% above HPI

3 PRESTON 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 PRESTON CLOSE sales from September 1997 and June 2013 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 September 1997 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the June 2013 sale, where it rises to 6% above the HPI. The line then continues to track at 6% above the HPI.

What might 3 PRESTON CLOSE be worth now?

3 PRESTON CLOSE might now be worth an estimated £402,163.

This is based on house price inflation of 67.6%, between June 2013 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 67.6% inflationary increase is applied to the most recent sale price for 3 PRESTON CLOSE of £240,000 on 28th June 2013. For the value to have increased from £240,000 to £402,163 over the twelve years and four months to February 2025, the following assumptions must hold true:

• The value of 3 PRESTON CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The June 2013 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 3 PRESTON CLOSE has not materially changed since June 2013.

How Large is 3 PRESTON CLOSE?

3 PRESTON CLOSE is 118m² according to the EPC inspection conducted in February 2013. This puts it in the largest 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 PRESTON CLOSE lies on this distribution: 59% of detached houses houses are smaller than 3 PRESTON CLOSE, and 40% of houses are larger. Note that EPC data is not available for all properties in Redditch.

3 PRESTON CLOSE: Plot and Title Map

3 PRESTON CLOSE sits on a plot of roughly 0.097 of an acre, or 393m². The below map shows the location of 3 PRESTON 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 PRESTON 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 PRESTON CLOSE?

3 PRESTON CLOSE is located in REDDITCH, in the B98 postcode district. The below map shows the position of No. 3 on PRESTON CLOSE.