4, ELMSTONE CLOSE, REDDITCH, B97 5UR - £370,000

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 ELMSTONE CLOSE is a large extended detached house of 123m², built sometime between 1983 and 1990, which could now be worth an estimated £359,914. It was last sold for £370,000 in September 2024, which was around 7% below the average September 2024 detached price in the Redditch local authority area. The most recent EPC inspection was July 2023, where the current energy rating was C, and the potential energy rating was B.

4 ELMSTONE CLOSE Sold Prices

Land registry data shows two sales for 4 ELMSTONE 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 ELMSTONE CLOSE sales was for below the average price, whilst the other was 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
2024 13 SEP	£370,000	£397,651	7% below HPI
2005 23 SEP	£246,950	£229,989	7% above HPI

4 ELMSTONE 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 ELMSTONE CLOSE sales from September 2005 and September 2024 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 2005 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the September 2024 sale, where it falls to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might 4 ELMSTONE CLOSE be worth now?

4 ELMSTONE CLOSE might now be worth an estimated £359,914.

This is based on house price deflation of 2.7%, between September 2024 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 2.7% deflationary decrease is applied to the most recent sale price for 4 ELMSTONE CLOSE of £370,000 on 13th September 2024. For the value to have decreased from £370,000 to £359,914 over the nine months to December 2024, the following assumptions must hold true:

• The value of 4 ELMSTONE CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The September 2024 sale price of £370,000 represented a fair market value for the property.
• The size, condition, and specification of 4 ELMSTONE CLOSE has not materially changed since September 2024.

How Large is 4 ELMSTONE CLOSE?

4 ELMSTONE CLOSE is 123m², which includes one extension, according to the EPC inspection conducted in July 2023. 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 4 ELMSTONE CLOSE lies on this distribution: 65% of detached houses houses are smaller than 4 ELMSTONE CLOSE, and 34% of houses are larger. Note that EPC data is not available for all properties in Redditch.

4 ELMSTONE CLOSE: Plot and Title Map

4 ELMSTONE CLOSE sits on a plot of roughly 0.074 of an acre, or 300m². The below map shows the location of 4 ELMSTONE 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 ELMSTONE 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 ELMSTONE CLOSE?

4 ELMSTONE CLOSE is located in REDDITCH, in the B97 postcode district. The below map shows the position of No. 4 on ELMSTONE CLOSE.