7, CHERINGTON CLOSE, REDDITCH, B98 0BB - £155,000

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.

7 CHERINGTON CLOSE is a midsized detached house of 106m², built sometime between 1967 and 1975, which could now be worth an estimated £281,210. It was last sold for £155,000 in November 2009, which was around 26% below the average November 2009 detached price in the Redditch local authority area. The most recent EPC inspection was February 2015, where the current energy rating was D, and the potential energy rating was B.

7 CHERINGTON CLOSE Sold Prices

Land registry data shows four sales for 7 CHERINGTON CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Redditch local authority area for the corresponding sale date. All of the four 7 CHERINGTON 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
2009 20 NOV	£155,000	£209,875	26% below HPI
2008 31 JUL	£187,000	£235,887	21% below HPI
1999 24 SEP	£91,500	£108,202	15% below HPI
1998 18 DEC	£83,500	£100,841	17% below HPI

7 CHERINGTON 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 four 7 CHERINGTON CLOSE sales between December 1998 and November 2009 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 July 2008 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the November 2009 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might 7 CHERINGTON CLOSE be worth now?

7 CHERINGTON CLOSE might now be worth an estimated £281,210.

This is based on house price inflation of 81.4%, between November 2009 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 81.4% inflationary increase is applied to the most recent sale price for 7 CHERINGTON CLOSE of £155,000 on 20th November 2009. For the value to have increased from £155,000 to £281,210 over the sixteen years and nine months to February 2025, the following assumptions must hold true:

• The value of 7 CHERINGTON CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The November 2009 sale price of £155,000 represented a fair market value for the property.
• The size, condition, and specification of 7 CHERINGTON CLOSE has not materially changed since November 2009.

How Large is 7 CHERINGTON CLOSE?

7 CHERINGTON CLOSE is 106m² according to the EPC inspection conducted in February 2015. 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 7 CHERINGTON CLOSE lies on this distribution: 42% of detached houses houses are smaller than 7 CHERINGTON CLOSE, and 56% of houses are larger. Note that EPC data is not available for all properties in Redditch.

7 CHERINGTON CLOSE: Plot and Title Map

7 CHERINGTON CLOSE sits on a plot of roughly 0.073 of an acre, or 296m². The below map shows the location of 7 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 7 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 7 CHERINGTON CLOSE?

7 CHERINGTON CLOSE is located in REDDITCH, in the B98 postcode district. The below map shows the position of No. 7 on CHERINGTON CLOSE.