50, LACEBY CLOSE, REDDITCH, B97 6BZ - £295,000

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.

50 LACEBY CLOSE is a very small detached house of 88m², which could now be worth an estimated £278,259. It was last sold for £295,000 in March 2023, which was around 27% below the average March 2023 detached price in the Redditch local authority area. The most recent EPC inspection was January 2020, where the current energy rating was B, and the potential energy rating was A.

50 LACEBY CLOSE Sold Prices

Land registry data shows two sales for 50 LACEBY 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 50 LACEBY 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 7 MAR	£295,000	£403,677	27% below HPI
2020 14 FEB	£269,000	£321,395	16% below HPI

50 LACEBY 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 50 LACEBY CLOSE sales from February 2020 and March 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 February 2020 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the March 2023 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 50 LACEBY CLOSE be worth now?

50 LACEBY CLOSE might now be worth an estimated £278,259.

This is based on house price deflation of 5.7%, between March 2023 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 5.7% deflationary decrease is applied to the most recent sale price for 50 LACEBY CLOSE of £295,000 on 7th March 2023. For the value to have decreased from £295,000 to £278,259 over the two years and one month to February 2025, the following assumptions must hold true:

• The value of 50 LACEBY CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The March 2023 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of 50 LACEBY CLOSE has not materially changed since March 2023.

How Large is 50 LACEBY CLOSE?

50 LACEBY CLOSE is 88m² according to the EPC inspection conducted in January 2020. This puts it in the smallest 20% 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 50 LACEBY CLOSE lies on this distribution: 20% of detached houses houses are smaller than 50 LACEBY CLOSE, and 79% of houses are larger. Note that EPC data is not available for all properties in Redditch.

50 LACEBY CLOSE: Plot and Title Map

50 LACEBY CLOSE sits on a plot of roughly 0.052 of an acre, or 211m². The below map shows the location of 50 LACEBY 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 50 LACEBY 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 50 LACEBY CLOSE?

50 LACEBY CLOSE is located in REDDITCH, in the B97 postcode district. The below map shows the position of No. 50 on LACEBY CLOSE.