7, WELFORD CLOSE, REDDITCH, B98 7YN - £305,495

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 WELFORD CLOSE is a very small detached house of 63m², built sometime between 1976 and 1982, which could now be worth an estimated £292,256. It was last sold for £305,495 in November 2022, which was around 23% below the average November 2022 detached price in the Redditch local authority area. The most recent EPC inspection was April 2018, where the current energy rating was D, and the potential energy rating was B.

7 WELFORD CLOSE Sold Prices

Land registry data shows two sales for 7 WELFORD 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 WELFORD 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
2022 28 NOV	£305,495	£398,016	23% below HPI
2018 9 AUG	£230,000	£314,828	27% below HPI

7 WELFORD 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 WELFORD CLOSE sales from August 2018 and November 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 August 2018 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the November 2022 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might 7 WELFORD CLOSE be worth now?

7 WELFORD CLOSE might now be worth an estimated £292,256.

This is based on house price deflation of 4.3%, between November 2022 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 4.3% deflationary decrease is applied to the most recent sale price for 7 WELFORD CLOSE of £305,495 on 28th November 2022. For the value to have decreased from £305,495 to £292,256 over the three years and nine months to February 2025, the following assumptions must hold true:

• The value of 7 WELFORD CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The November 2022 sale price of £305,495 represented a fair market value for the property.
• The size, condition, and specification of 7 WELFORD CLOSE has not materially changed since November 2022.

How Large is 7 WELFORD CLOSE?

7 WELFORD CLOSE is 63m² according to the EPC inspection conducted in April 2018. 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 WELFORD CLOSE lies on this distribution: 2% of detached houses houses are smaller than 7 WELFORD CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Redditch.

7 WELFORD CLOSE: Plot and Title Map

7 WELFORD CLOSE sits on a plot of roughly 0.058 of an acre, or 236m². The below map shows the location of 7 WELFORD 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 WELFORD 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 WELFORD CLOSE?

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