55, CHERINGTON CLOSE, REDDITCH, B98 0BB - £250,000

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.

55 CHERINGTON CLOSE is a very small semi-detached house of 86m², built sometime between 1950 and 1966, which could now be worth an estimated £250,563. It was last sold for £250,000 in July 2022, which was around 3% above the average July 2022 semi-detached price in the Redditch local authority area. The most recent EPC inspection was April 2022, where the current energy rating was D, and the potential energy rating was C.

55 CHERINGTON CLOSE Sold Prices

Land registry data shows two sales for 55 CHERINGTON CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Redditch local authority area for the corresponding sale date. Both of the two 55 CHERINGTON CLOSE sales were 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
2022 20 JUL	£250,000	£243,651	3% above HPI
1999 1 SEP	£69,950	£62,110	13% above HPI

55 CHERINGTON CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Redditch local authority area over time, sourced from the HPI. The two 55 CHERINGTON CLOSE sales from September 1999 and July 2022 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 September 1999 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the July 2022 sale, where it falls to 3% above the HPI. The line then continues to track at 3% above the HPI.

What might 55 CHERINGTON CLOSE be worth now?

55 CHERINGTON CLOSE might now be worth an estimated £250,563.

This is based on house price inflation of 0.2%, between July 2022 and February 2025, for semi-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 0.2% inflationary increase is applied to the most recent sale price for 55 CHERINGTON CLOSE of £250,000 on 20th July 2022. For the value to have increased from £250,000 to £250,563 over the three years and five months to February 2025, the following assumptions must hold true:

• The value of 55 CHERINGTON CLOSE has moved in line with the HPI for semi-detached houses in the Redditch local authority area.
• The July 2022 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 55 CHERINGTON CLOSE has not materially changed since July 2022.

How Large is 55 CHERINGTON CLOSE?

55 CHERINGTON CLOSE is 86m² according to the EPC inspection conducted in April 2022. This puts it in the smallest 20% of semi-detached houses houses in Redditch, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Redditch, and where 55 CHERINGTON CLOSE lies on this distribution: 18% of semi-detached houses houses are smaller than 55 CHERINGTON CLOSE, and 81% of houses are larger. Note that EPC data is not available for all properties in Redditch.

55 CHERINGTON CLOSE: Plot and Title Map

55 CHERINGTON CLOSE sits on a plot of roughly 0.058 of an acre, or 234m². The below map shows the location of 55 CHERINGTON 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 55 CHERINGTON 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 55 CHERINGTON CLOSE?

55 CHERINGTON CLOSE is located in REDDITCH, in the B98 postcode district. The below map shows the position of No. 55 on CHERINGTON CLOSE.