5, PROPHETS CLOSE, REDDITCH, B97 4SD - £290,000

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

5 PROPHETS CLOSE is a very small detached house of 66m², built sometime between 1983 and 1990. It was last sold for £290,000 in September 2023, which was around 26% below the average September 2023 detached price in the Redditch local authority area. The most recent EPC inspection was June 2023, where the current energy rating was C, and the potential energy rating was B.

5 PROPHETS CLOSE Sold Prices

Land registry data shows three sales for 5 PROPHETS 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 5 PROPHETS 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
2023 6 SEP	£290,000	£392,134	26% below HPI
2010 21 MAY	£150,000	£224,249	33% below HPI
1996 15 APR	£63,000	£86,017	27% below HPI

5 PROPHETS 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 5 PROPHETS CLOSE sales between April 1996 and September 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 May 2010 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the September 2023 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might 5 PROPHETS CLOSE be worth now?

5 PROPHETS CLOSE might now be worth an estimated £286,063.

This is based on house price deflation of 1.4%, between September 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 1.4% deflationary decrease is applied to the most recent sale price for 5 PROPHETS CLOSE of £290,000 on 6th September 2023. For the value to have decreased from £290,000 to £286,063 over the nine months to December 2024, the following assumptions must hold true:

• The value of 5 PROPHETS CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The September 2023 sale price of £290,000 represented a fair market value for the property.
• The size, condition, and specification of 5 PROPHETS CLOSE has not materially changed since September 2023.

How Large is 5 PROPHETS CLOSE?

5 PROPHETS CLOSE is 66m² according to the EPC inspection conducted in June 2023. 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 5 PROPHETS CLOSE lies on this distribution: 4% of detached houses houses are smaller than 5 PROPHETS CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Redditch.

5 PROPHETS CLOSE: Plot and Title Map

5 PROPHETS CLOSE sits on a plot of roughly 0.096 of an acre, or 388m². The below map shows the location of 5 PROPHETS 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 PROPHETS 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 PROPHETS CLOSE?

5 PROPHETS CLOSE is located in REDDITCH, in the B97 postcode district. The below map shows the position of No. 5 on PROPHETS CLOSE.