40, OSWESTRY CLOSE, REDDITCH, B97 5QE - £225,000

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.

40 OSWESTRY CLOSE is a midsized detached house of 113m², built sometime between 1983 and 1990, which could now be worth an estimated £406,044. It was last sold for £225,000 in October 2009, which was around 7% above the average October 2009 detached price in the Redditch local authority area. The most recent EPC inspection was September 2009, where the current energy rating was D, and the potential energy rating was C.

40 OSWESTRY CLOSE Sold Prices

Land registry data shows three sales for 40 OSWESTRY 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 Redditch local authority area for the corresponding sale date. One of the three 40 OSWESTRY CLOSE sales was for above the average price, whilst two were 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
2009 23 OCT	£225,000	£210,994	7% above HPI
2005 24 JUN	£200,000	£222,472	10% below HPI
1995 28 FEB	£80,000	£84,869	6% below HPI

40 OSWESTRY 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 three 40 OSWESTRY CLOSE sales between February 1995 and October 2009 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 2005 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the October 2009 sale, where it rises to 7% above the HPI. The line then continues to track at 7% above the HPI.

What might 40 OSWESTRY CLOSE be worth now?

40 OSWESTRY CLOSE might now be worth an estimated £406,044.

This is based on house price inflation of 80.5%, between October 2009 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 80.5% inflationary increase is applied to the most recent sale price for 40 OSWESTRY CLOSE of £225,000 on 23rd October 2009. For the value to have increased from £225,000 to £406,044 over the sixteen years and eight months to February 2025, the following assumptions must hold true:

• The value of 40 OSWESTRY CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The October 2009 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 40 OSWESTRY CLOSE has not materially changed since October 2009.

How Large is 40 OSWESTRY CLOSE?

40 OSWESTRY CLOSE is 113m² according to the EPC inspection conducted in September 2009. 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 40 OSWESTRY CLOSE lies on this distribution: 53% of detached houses houses are smaller than 40 OSWESTRY CLOSE, and 47% of houses are larger. Note that EPC data is not available for all properties in Redditch.

40 OSWESTRY CLOSE: Plot and Title Map

40 OSWESTRY CLOSE sits on a plot of roughly 0.077 of an acre, or 313m². The below map shows the location of 40 OSWESTRY 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 40 OSWESTRY 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 40 OSWESTRY CLOSE?

40 OSWESTRY CLOSE is located in REDDITCH, in the B97 postcode district. The below map shows the position of No. 40 on OSWESTRY CLOSE.