7, OUTWOOD CLOSE, REDDITCH, B98 7YE - £300,000

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 OUTWOOD CLOSE is a midsized detached house of 108m², built sometime between 1983 and 1990, which could now be worth an estimated £463,004. It was last sold for £300,000 in August 2014, which was around 22% above the average August 2014 detached price in the Redditch local authority area. The most recent EPC inspection was June 2014, where the current energy rating was D, and the potential energy rating was C.

7 OUTWOOD CLOSE Sold Prices

Land registry data shows three sales for 7 OUTWOOD CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Redditch local authority area for the corresponding sale date. All of the three 7 OUTWOOD 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
2014 22 AUG	£300,000	£246,716	22% above HPI
2007 10 AUG	£289,000	£242,254	19% above HPI
1997 4 AUG	£116,000	£92,567	25% above HPI

7 OUTWOOD 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 three 7 OUTWOOD CLOSE sales between August 1997 and August 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 August 2007 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the August 2014 sale, where it rises to 22% above the HPI. The line then continues to track at 22% above the HPI.

What might 7 OUTWOOD CLOSE be worth now?

7 OUTWOOD CLOSE might now be worth an estimated £463,004.

This is based on house price inflation of 54.3%, between August 2014 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 54.3% inflationary increase is applied to the most recent sale price for 7 OUTWOOD CLOSE of £300,000 on 22nd August 2014. For the value to have increased from £300,000 to £463,004 over the eleven years and six months to February 2025, the following assumptions must hold true:

• The value of 7 OUTWOOD CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The August 2014 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of 7 OUTWOOD CLOSE has not materially changed since August 2014.

How Large is 7 OUTWOOD CLOSE?

7 OUTWOOD CLOSE is 108m² according to the EPC inspection conducted in June 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 7 OUTWOOD CLOSE lies on this distribution: 45% of detached houses houses are smaller than 7 OUTWOOD CLOSE, and 55% of houses are larger. Note that EPC data is not available for all properties in Redditch.

7 OUTWOOD CLOSE: Plot and Title Map

7 OUTWOOD CLOSE sits on a plot of roughly 0.162 of an acre, or 655m². The below map shows the location of 7 OUTWOOD 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 OUTWOOD 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 OUTWOOD CLOSE?

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