8, DRAKES CLOSE, REDDITCH, B97 5NG - £352,500

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

8 DRAKES CLOSE is a midsized extended detached house of 106m², built sometime between 1991 and 1995, which could now be worth an estimated £368,369. It was last sold for £352,500 in December 2021, which was around 5% below the average December 2021 detached price in the Redditch local authority area. The most recent EPC inspection was August 2021, where the current energy rating was C, and the potential energy rating was B.

8 DRAKES CLOSE Sold Prices

Land registry data shows three sales for 8 DRAKES 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. The three 8 DRAKES CLOSE sales were a mix of below the average price, and roughly equal to 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
2021 3 DEC	£352,500	£370,148	5% below HPI
2013 12 DEC	£210,000	£238,580	12% below HPI
2007 30 MAR	£236,000	£236,524	Close to HPI

8 DRAKES 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 8 DRAKES CLOSE sales between March 2007 and December 2021 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 December 2013 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the December 2021 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might 8 DRAKES CLOSE be worth now?

8 DRAKES CLOSE might now be worth an estimated £368,369.

This is based on house price inflation of 4.5%, between December 2021 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 4.5% inflationary increase is applied to the most recent sale price for 8 DRAKES CLOSE of £352,500 on 3rd December 2021. For the value to have increased from £352,500 to £368,369 over the three years to December 2024, the following assumptions must hold true:

• The value of 8 DRAKES CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The December 2021 sale price of £352,500 represented a fair market value for the property.
• The size, condition, and specification of 8 DRAKES CLOSE has not materially changed since December 2021.

How Large is 8 DRAKES CLOSE?

8 DRAKES CLOSE is 106m², which includes one extension, according to the EPC inspection conducted in August 2021. 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 8 DRAKES CLOSE lies on this distribution: 42% of detached houses houses are smaller than 8 DRAKES CLOSE, and 56% of houses are larger. Note that EPC data is not available for all properties in Redditch.

8 DRAKES CLOSE: Plot and Title Map

8 DRAKES CLOSE sits on a plot of roughly 0.074 of an acre, or 299m². The below map shows the location of 8 DRAKES 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 8 DRAKES 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 8 DRAKES CLOSE?

8 DRAKES CLOSE is located in REDDITCH, in the B97 postcode district. The below map shows the position of No. 8 on DRAKES CLOSE.