7, SHELLEY CLOSE, REDDITCH, B97 5BE - £277,000

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

7 SHELLEY CLOSE is a very small detached house of 75m², built sometime between 1950 and 1966, which could now be worth an estimated £360,596. It was last sold for £277,000 in April 2017, which was around 7% below the average April 2017 detached price in the Redditch local authority area. The most recent EPC inspection was March 2017, where the current energy rating was E, and the potential energy rating was C.

7 SHELLEY CLOSE Sold Prices

Land registry data shows two sales for 7 SHELLEY 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 7 SHELLEY 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
2017 28 APR	£277,000	£297,138	7% below HPI
2016 2 SEP	£203,000	£284,497	29% below HPI

7 SHELLEY 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 7 SHELLEY CLOSE sales from September 2016 and April 2017 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 2016 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the April 2017 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might 7 SHELLEY CLOSE be worth now?

7 SHELLEY CLOSE might now be worth an estimated £360,596.

This is based on house price inflation of 30.2%, between April 2017 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 30.2% inflationary increase is applied to the most recent sale price for 7 SHELLEY CLOSE of £277,000 on 28th April 2017. For the value to have increased from £277,000 to £360,596 over the six years and four months to December 2024, the following assumptions must hold true:

• The value of 7 SHELLEY CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The April 2017 sale price of £277,000 represented a fair market value for the property.
• The size, condition, and specification of 7 SHELLEY CLOSE has not materially changed since April 2017.

How Large is 7 SHELLEY CLOSE?

7 SHELLEY CLOSE is 75m² according to the EPC inspection conducted in March 2017. This puts it in the smallest 10% 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 SHELLEY CLOSE lies on this distribution: 9% of detached houses houses are smaller than 7 SHELLEY CLOSE, and 91% of houses are larger. Note that EPC data is not available for all properties in Redditch.

7 SHELLEY CLOSE: Plot and Title Map

7 SHELLEY CLOSE sits on a plot of roughly 0.152 of an acre, or 617m². The below map shows the location of 7 SHELLEY 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 SHELLEY 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 SHELLEY CLOSE?

7 SHELLEY CLOSE is located in REDDITCH, in the B97 postcode district. The below map shows the position of No. 7 on SHELLEY CLOSE.