54, RADWAY CLOSE, REDDITCH, B98 8RZ - £235,000

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

54 RADWAY CLOSE is a midsized detached house of 107m², built sometime between 1983 and 1990. It was last sold for £235,000 in May 2014, which was around 3% below the average May 2014 detached price in the Redditch local authority area. The most recent EPC inspection was January 2014, where the current energy rating was D, and the potential energy rating was B.

54 RADWAY CLOSE Sold Prices

Land registry data shows two sales for 54 RADWAY 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 54 RADWAY 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
2014 1 MAY	£235,000	£242,926	3% below HPI
2006 31 MAR	£240,000	£220,677	9% above HPI

54 RADWAY 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 54 RADWAY CLOSE sales from March 2006 and May 2014 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 March 2006 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the May 2014 sale, where it falls to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 54 RADWAY CLOSE be worth now?

54 RADWAY CLOSE might now be worth an estimated £374,190.

This is based on house price inflation of 59.2%, between May 2014 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 59.2% inflationary increase is applied to the most recent sale price for 54 RADWAY CLOSE of £235,000 on 1st May 2014. For the value to have increased from £235,000 to £374,190 over the nine years and five months to December 2024, the following assumptions must hold true:

• The value of 54 RADWAY CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The May 2014 sale price of £235,000 represented a fair market value for the property.
• The size, condition, and specification of 54 RADWAY CLOSE has not materially changed since May 2014.

How Large is 54 RADWAY CLOSE?

54 RADWAY CLOSE is 107m² according to the EPC inspection conducted in January 2014. This puts it in the smallest 50% 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 54 RADWAY CLOSE lies on this distribution: 44% of detached houses houses are smaller than 54 RADWAY CLOSE, and 56% of houses are larger. Note that EPC data is not available for all properties in Redditch.

54 RADWAY CLOSE: Plot and Title Map

54 RADWAY CLOSE sits on a plot of roughly 0.085 of an acre, or 346m². The below map shows the location of 54 RADWAY 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 54 RADWAY 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 54 RADWAY CLOSE?

54 RADWAY CLOSE is located in REDDITCH, in the B98 postcode district. The below map shows the position of No. 54 on RADWAY CLOSE.