GRESLEY HOUSE, POPES LANE, ASTWOOD BANK, REDDITCH, B96 6DL - £700,000

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.

GRESLEY HOUSE is a very large extended detached house of 196m², built sometime between 1950 and 1966, which could now be worth an estimated £715,433. It was last sold for £700,000 in February 2022, which was around 88% above the average February 2022 detached price in the Redditch local authority area. The most recent EPC inspection was March 2014, where the current energy rating was D, and the potential energy rating was C.

GRESLEY HOUSE Sold Prices

Land registry data shows two sales for GRESLEY HOUSE 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 GRESLEY HOUSE 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
2022 28 FEB	£700,000	£372,554	88% above HPI
2007 16 FEB	£500,000	£235,806	112% above HPI

GRESLEY HOUSE 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 GRESLEY HOUSE sales from February 2007 and February 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 February 2007 sale was for 112% above the HPI. So the extrapolation line tracks at 112% above the HPI over time, until the February 2022 sale, where it falls to 88% above the HPI. The line then continues to track at 88% above the HPI.

What might GRESLEY HOUSE be worth now?

GRESLEY HOUSE might now be worth an estimated £715,433.

This is based on house price inflation of 2.2%, between February 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 2.2% inflationary increase is applied to the most recent sale price for GRESLEY HOUSE of £700,000 on 28th February 2022. For the value to have increased from £700,000 to £715,433 over the three years to February 2025, the following assumptions must hold true:

• The value of GRESLEY HOUSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The February 2022 sale price of £700,000 represented a fair market value for the property.
• The size, condition, and specification of GRESLEY HOUSE has not materially changed since February 2022.

How Large is GRESLEY HOUSE?

GRESLEY HOUSE is 196m², which includes one extension, according to the EPC inspection conducted in March 2014. This puts it in the largest 20% of detached houses houses in Astwood Bank, based on EPC data. The below chart shows the distribution of detached houses houses by size in Astwood Bank, and where GRESLEY HOUSE lies on this distribution: 83% of detached houses houses are smaller than GRESLEY HOUSE, and 16% of houses are larger. Note that EPC data is not available for all properties in Astwood Bank.

GRESLEY HOUSE: Plot and Title Map

GRESLEY HOUSE sits on a plot of roughly 1.1 acres, or 4,531m². The below map shows the location of GRESLEY HOUSE, 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 GRESLEY HOUSE). 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 GRESLEY HOUSE?

GRESLEY HOUSE is located on POPES LANE in ASTWOOD BANK, in the B96 postcode district. The below map shows the position of GRESLEY HOUSE on POPES LANE.