4, ALVELEY CLOSE, REDDITCH, B98 0JD - £267,500

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

4 ALVELEY CLOSE is a small detached house of 91m², built sometime between 1967 and 1975. It was last sold for £267,500 in July 2015, which was around 1% above the average July 2015 detached price in the Redditch local authority area. The most recent EPC inspection was March 2015, where the current energy rating was E, and the potential energy rating was C.

4 ALVELEY CLOSE Sold Prices

Land registry data shows two sales for 4 ALVELEY 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. One of the two 4 ALVELEY CLOSE sales was for above the average price, whilst the other was 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
2015 17 JUL	£267,500	£264,857	1% above HPI
2003 21 AUG	£175,000	£193,276	9% below HPI

4 ALVELEY 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 4 ALVELEY CLOSE sales from August 2003 and July 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 August 2003 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the July 2015 sale, where it rises to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might 4 ALVELEY CLOSE be worth now?

4 ALVELEY CLOSE might now be worth an estimated £390,671.

This is based on house price inflation of 46%, between July 2015 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 46% inflationary increase is applied to the most recent sale price for 4 ALVELEY CLOSE of £267,500 on 17th July 2015. For the value to have increased from £267,500 to £390,671 over the eight years and seven months to December 2024, the following assumptions must hold true:

• The value of 4 ALVELEY CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The July 2015 sale price of £267,500 represented a fair market value for the property.
• The size, condition, and specification of 4 ALVELEY CLOSE has not materially changed since July 2015.

How Large is 4 ALVELEY CLOSE?

4 ALVELEY CLOSE is 91m² according to the EPC inspection conducted in March 2015. This puts it in the smallest 30% 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 4 ALVELEY CLOSE lies on this distribution: 24% of detached houses houses are smaller than 4 ALVELEY CLOSE, and 74% of houses are larger. Note that EPC data is not available for all properties in Redditch.

4 ALVELEY CLOSE: Plot and Title Map

4 ALVELEY CLOSE sits on a plot of roughly 0.150 of an acre, or 606m². The below map shows the location of 4 ALVELEY 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 4 ALVELEY 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 4 ALVELEY CLOSE?

4 ALVELEY CLOSE is located in REDDITCH, in the B98 postcode district. The below map shows the position of No. 4 on ALVELEY CLOSE.