53, CHANDLERS CLOSE, REDDITCH, B97 5HU - £270,500

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.

53 CHANDLERS CLOSE is a small extended detached house of 99m², built sometime between 1976 and 1982, which could now be worth an estimated £320,310. It was last sold for £270,500 in January 2020, which was around 16% below the average January 2020 detached price in the Redditch local authority area. The most recent EPC inspection was September 2017, where the current energy rating was D, and the potential energy rating was C.

53 CHANDLERS CLOSE Sold Prices

Land registry data shows two sales for 53 CHANDLERS 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 53 CHANDLERS 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
2020 23 JAN	£270,500	£321,556	16% below HPI
2018 7 NOV	£252,000	£326,504	23% below HPI

53 CHANDLERS 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 53 CHANDLERS CLOSE sales from November 2018 and January 2020 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 November 2018 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the January 2020 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 53 CHANDLERS CLOSE be worth now?

53 CHANDLERS CLOSE might now be worth an estimated £320,310.

This is based on house price inflation of 18.4%, between January 2020 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 18.4% inflationary increase is applied to the most recent sale price for 53 CHANDLERS CLOSE of £270,500 on 23rd January 2020. For the value to have increased from £270,500 to £320,310 over the four years and eleven months to February 2025, the following assumptions must hold true:

• The value of 53 CHANDLERS CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The January 2020 sale price of £270,500 represented a fair market value for the property.
• The size, condition, and specification of 53 CHANDLERS CLOSE has not materially changed since January 2020.

How Large is 53 CHANDLERS CLOSE?

53 CHANDLERS CLOSE is 99m², which includes one extension, according to the EPC inspection conducted in September 2017. This puts it in the smallest 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 53 CHANDLERS CLOSE lies on this distribution: 33% of detached houses houses are smaller than 53 CHANDLERS CLOSE, and 66% of houses are larger. Note that EPC data is not available for all properties in Redditch.

53 CHANDLERS CLOSE: Plot and Title Map

53 CHANDLERS CLOSE sits on a plot of roughly 0.099 of an acre, or 401m². The below map shows the location of 53 CHANDLERS 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 53 CHANDLERS 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 53 CHANDLERS CLOSE?

53 CHANDLERS CLOSE is located in REDDITCH, in the B97 postcode district. The below map shows the position of No. 53 on CHANDLERS CLOSE.