45, OTTER CLOSE, REDDITCH, B98 0SJ - £224,000

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

45 OTTER CLOSE is a large extended detached house of 122m², built sometime between 1991 and 1995, which could now be worth an estimated £384,398. It was last sold for £224,000 in May 2011, which was around 1% below the average May 2011 detached price in the Redditch local authority area. The most recent EPC inspection was September 2015, where the current energy rating was D, and the potential energy rating was B.

45 OTTER CLOSE Sold Prices

Land registry data shows two sales for 45 OTTER 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. Both of the two 45 OTTER CLOSE sales 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
2011 27 MAY	£224,000	£225,406	1% below HPI
2007 18 OCT	£230,000	£245,161	6% below HPI

45 OTTER 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 45 OTTER CLOSE sales from October 2007 and May 2011 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 October 2007 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the May 2011 sale, where it rises to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might 45 OTTER CLOSE be worth now?

45 OTTER CLOSE might now be worth an estimated £384,398.

This is based on house price inflation of 71.6%, between May 2011 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 71.6% inflationary increase is applied to the most recent sale price for 45 OTTER CLOSE of £224,000 on 27th May 2011. For the value to have increased from £224,000 to £384,398 over the twelve years and five months to December 2024, the following assumptions must hold true:

• The value of 45 OTTER CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The May 2011 sale price of £224,000 represented a fair market value for the property.
• The size, condition, and specification of 45 OTTER CLOSE has not materially changed since May 2011.

How Large is 45 OTTER CLOSE?

45 OTTER CLOSE is 122m², which includes one extension, according to the EPC inspection conducted in September 2015. 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 45 OTTER CLOSE lies on this distribution: 64% of detached houses houses are smaller than 45 OTTER CLOSE, and 35% of houses are larger. Note that EPC data is not available for all properties in Redditch.

45 OTTER CLOSE: Plot and Title Map

45 OTTER CLOSE sits on a plot of roughly 0.073 of an acre, or 295m². The below map shows the location of 45 OTTER 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 45 OTTER 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 45 OTTER CLOSE?

45 OTTER CLOSE is located in REDDITCH, in the B98 postcode district. The below map shows the position of No. 45 on OTTER CLOSE.