5, ALVELEY CLOSE, REDDITCH, B98 0JD - £365,000

5 ALVELEY CLOSE is a small detached house of 94m², built sometime between 1976 and 1982. It was last sold for £365,000 in November 2023, which was around 10% below the average November 2023 detached price in the Redditch local authority area. The most recent EPC inspection was February 2020, where the current energy rating was D, and the potential energy rating was B.

5 ALVELEY CLOSE Sold Prices

Land registry data shows two sales for 5 ALVELEY 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. One of the two 5 ALVELEY CLOSE sales was for below the average price, whilst the other was 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
2023 3 NOV	£365,000	£405,902	10% below HPI
1997 24 JAN	£96,000	£89,967	7% above HPI

5 ALVELEY 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 5 ALVELEY CLOSE sales from January 1997 and November 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 January 1997 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the November 2023 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 5 ALVELEY CLOSE?

5 ALVELEY CLOSE is 94m² according to the EPC inspection conducted in February 2020. This puts it in the smallest 30% of detached houses in Redditch, based on EPC data. The below chart shows the distribution of detached houses by size in Redditch, and where 5 ALVELEY CLOSE lies on this distribution: 28% of detached houses are smaller than 5 ALVELEY CLOSE, and 72% of houses are larger. Note that EPC data is not available for all properties in Redditch.

5 ALVELEY CLOSE: Plot and Title Map

5 ALVELEY CLOSE sits on a plot of roughly 0.148 of an acre, or 599m². The below map shows the location of 5 ALVELEY 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 5 ALVELEY 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 5 ALVELEY CLOSE?

5 ALVELEY CLOSE is located in REDDITCH, in the B98 postcode district. The below map shows the position of No. 5 on ALVELEY CLOSE.