46, MILFORD CLOSE, REDDITCH, B97 5PZ - £277,500

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.

46 MILFORD CLOSE is a very small detached house of 57m², built sometime between 1976 and 1982, which could now be worth an estimated £323,620. It was last sold for £277,500 in November 2018, which was around 15% below the average November 2018 detached price in the Redditch local authority area. The most recent EPC inspection was July 2015, where the current energy rating was D, and the potential energy rating was B.

46 MILFORD CLOSE Sold Prices

Land registry data shows three sales for 46 MILFORD 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. All of the three 46 MILFORD 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
2018 30 NOV	£277,500	£326,504	15% below HPI
2015 13 JUL	£220,000	£264,857	17% below HPI
2014 12 DEC	£173,000	£248,235	30% below HPI

46 MILFORD 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 46 MILFORD CLOSE sales between December 2014 and November 2018 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 2015 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the November 2018 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 46 MILFORD CLOSE be worth now?

46 MILFORD CLOSE might now be worth an estimated £323,620.

This is based on house price inflation of 16.6%, between November 2018 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 16.6% inflationary increase is applied to the most recent sale price for 46 MILFORD CLOSE of £277,500 on 30th November 2018. For the value to have increased from £277,500 to £323,620 over the seven years and nine months to February 2025, the following assumptions must hold true:

• The value of 46 MILFORD CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The November 2018 sale price of £277,500 represented a fair market value for the property.
• The size, condition, and specification of 46 MILFORD CLOSE has not materially changed since November 2018.

How Large is 46 MILFORD CLOSE?

46 MILFORD CLOSE is 57m² according to the EPC inspection conducted in July 2015. This puts it in the smallest 10% 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 46 MILFORD CLOSE lies on this distribution: 1% of detached houses houses are smaller than 46 MILFORD CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Redditch.

46 MILFORD CLOSE: Plot and Title Map

46 MILFORD CLOSE sits on a plot of roughly 0.124 of an acre, or 501m². The below map shows the location of 46 MILFORD 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 46 MILFORD 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 46 MILFORD CLOSE?

46 MILFORD CLOSE is located in REDDITCH, in the B97 postcode district. The below map shows the position of No. 46 on MILFORD CLOSE.