4, REDWOOD CLOSE, NAILSEA, BRISTOL, BS48 1QJ - £615,000

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.

4 REDWOOD CLOSE is a midsized extended detached house of 123m², built sometime between 1976 and 1982, which could now be worth an estimated £644,384. It was last sold for £615,000 in May 2022, which was around 22% above the average May 2022 detached price in the North Somerset local authority area. The most recent EPC inspection was September 2020, where the current energy rating was D, and the potential energy rating was B.

4 REDWOOD CLOSE Sold Prices

Land registry data shows three sales for 4 REDWOOD CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North Somerset local authority area for the corresponding sale date. All of the three 4 REDWOOD 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
2022 12 MAY	£615,000	£504,901	22% above HPI
2011 9 NOV	£380,000	£293,327	30% above HPI
2002 18 APR	£234,950	£185,434	27% above HPI

4 REDWOOD CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Somerset local authority area over time, sourced from the HPI. The three 4 REDWOOD CLOSE sales between April 2002 and May 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 November 2011 sale was for 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the May 2022 sale, where it falls to 22% above the HPI. The line then continues to track at 22% above the HPI.

What might 4 REDWOOD CLOSE be worth now?

4 REDWOOD CLOSE might now be worth an estimated £644,384.

This is based on house price inflation of 4.8%, between May 2022 and February 2025, for detached houses, in the North Somerset local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 4.8% inflationary increase is applied to the most recent sale price for 4 REDWOOD CLOSE of £615,000 on 12th May 2022. For the value to have increased from £615,000 to £644,384 over the three years and three months to February 2025, the following assumptions must hold true:

• The value of 4 REDWOOD CLOSE has moved in line with the HPI for detached houses in the North Somerset local authority area.
• The May 2022 sale price of £615,000 represented a fair market value for the property.
• The size, condition, and specification of 4 REDWOOD CLOSE has not materially changed since May 2022.

How Large is 4 REDWOOD CLOSE?

4 REDWOOD CLOSE is 123m², which includes one extension, according to the EPC inspection conducted in September 2020. This puts it in the largest 50% of detached houses houses in Nailsea, based on EPC data. The below chart shows the distribution of detached houses houses by size in Nailsea, and where 4 REDWOOD CLOSE lies on this distribution: 54% of detached houses houses are smaller than 4 REDWOOD CLOSE, and 45% of houses are larger. Note that EPC data is not available for all properties in Nailsea.

4 REDWOOD CLOSE: Plot and Title Map

4 REDWOOD CLOSE sits on a plot of roughly 0.094 of an acre, or 382m². The below map shows the location of 4 REDWOOD 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 REDWOOD 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 REDWOOD CLOSE?

4 REDWOOD CLOSE is located in NAILSEA, in the BS48 postcode district. The below map shows the position of No. 4 on REDWOOD CLOSE.