8, OUTWOOD CLOSE, REDDITCH, B98 7YE - £365,000

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

8 OUTWOOD CLOSE is a very large detached house of 146m², built sometime between 1983 and 1990. It was last sold for £365,000 in February 2020, which was around 14% above the average February 2020 detached price in the Redditch local authority area. The most recent EPC inspection was October 2019, where the current energy rating was D, and the potential energy rating was C.

8 OUTWOOD CLOSE Sold Prices

Land registry data shows two sales for 8 OUTWOOD 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 8 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
2020 7 FEB	£365,000	£321,395	14% above HPI
2007 28 NOV	£250,000	£244,867	2% above HPI

8 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 two 8 OUTWOOD CLOSE sales from November 2007 and February 2020 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 November 2007 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the February 2020 sale, where it rises to 14% above the HPI. The line then continues to track at 14% above the HPI.

What might 8 OUTWOOD CLOSE be worth now?

8 OUTWOOD CLOSE might now be worth an estimated £439,291.

This is based on house price inflation of 20.4%, between February 2020 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 20.4% inflationary increase is applied to the most recent sale price for 8 OUTWOOD CLOSE of £365,000 on 7th February 2020. For the value to have increased from £365,000 to £439,291 over the three years and two months to December 2024, the following assumptions must hold true:

• The value of 8 OUTWOOD CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The February 2020 sale price of £365,000 represented a fair market value for the property.
• The size, condition, and specification of 8 OUTWOOD CLOSE has not materially changed since February 2020.

How Large is 8 OUTWOOD CLOSE?

8 OUTWOOD CLOSE is 146m² according to the EPC inspection conducted in October 2019. This puts it in the largest 20% 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 OUTWOOD CLOSE lies on this distribution: 85% of detached houses houses are smaller than 8 OUTWOOD CLOSE, and 15% of houses are larger. Note that EPC data is not available for all properties in Redditch.

8 OUTWOOD CLOSE: Plot and Title Map

8 OUTWOOD CLOSE sits on a plot of roughly 0.144 of an acre, or 581m². The below map shows the location of 8 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 8 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 8 OUTWOOD CLOSE?

8 OUTWOOD CLOSE is located in REDDITCH, in the B98 postcode district. The below map shows the position of No. 8 on OUTWOOD CLOSE.