42, OAKHAM CLOSE, REDDITCH, B98 7YG - £394,000

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

42 OAKHAM CLOSE is a large extended detached house of 133m², built sometime between 1983 and 1990. It was last sold for £394,000 in October 2023, which was about the average October 2023 detached price in the Redditch local authority area. The most recent EPC inspection was February 2014, where the current energy rating was C, and the potential energy rating was C.

42 OAKHAM CLOSE Sold Prices

Land registry data shows three sales for 42 OAKHAM 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. The three 42 OAKHAM CLOSE sales were a mix of roughly equal to the average price, above the average price, and 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
2023 5 OCT	£394,000	£395,112	Close to HPI
2014 21 JUL	£250,000	£244,810	2% above HPI
2009 3 JUL	£175,000	£208,759	16% below HPI

42 OAKHAM 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 42 OAKHAM CLOSE sales between July 2009 and October 2023 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 July 2014 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the October 2023 sale, where it falls to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might 42 OAKHAM CLOSE be worth now?

42 OAKHAM CLOSE might now be worth an estimated £385,722.

This is based on house price deflation of 2.1%, between October 2023 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 2.1% deflationary decrease is applied to the most recent sale price for 42 OAKHAM CLOSE of £394,000 on 5th October 2023. For the value to have decreased from £394,000 to £385,722 over the ten months to December 2024, the following assumptions must hold true:

• The value of 42 OAKHAM CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The October 2023 sale price of £394,000 represented a fair market value for the property.
• The size, condition, and specification of 42 OAKHAM CLOSE has not materially changed since October 2023.

How Large is 42 OAKHAM CLOSE?

42 OAKHAM CLOSE is 133m², which includes one extension, according to the EPC inspection conducted in February 2014. This puts it in the largest 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 42 OAKHAM CLOSE lies on this distribution: 76% of detached houses houses are smaller than 42 OAKHAM CLOSE, and 23% of houses are larger. Note that EPC data is not available for all properties in Redditch.

42 OAKHAM CLOSE: Plot and Title Map

42 OAKHAM CLOSE sits on a plot of roughly 0.097 of an acre, or 394m². The below map shows the location of 42 OAKHAM 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 42 OAKHAM 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 42 OAKHAM CLOSE?

42 OAKHAM CLOSE is located in REDDITCH, in the B98 postcode district. The below map shows the position of No. 42 on OAKHAM CLOSE.