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House Prices in B96

The average house price in B96 (Redditch) is £815,000 using HM Land Registry data.

The average property price increased by £154,388 (23.15%) over the last 5 years and increased by £30,864 (3.56%) over the last 12 months.

Over the last year, there were 47 residential property sales – a decrease of 40 transactions (-85.11%) relative to the previous year. The majority of house sales (11) were in the £140,000 - £276,000 range. Then came properties in the £276,000 - £412,000 range, where 11 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 52 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,142 (-1%).

In June 2024, there were 18 new estate agency instructions, 13 agreed home sales and 7 property price reductions.

5-Year Average Property Prices in B96 (Redditch)

23.15%

Property prices in Redditch increased by 23.15% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in B96 (Redditch) Over the Last Year

3.56%

Property prices in Redditch increased by 3.56% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

Property Market Heat Gauge for B96 (Redditch) - June 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date).Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in B96 (Redditch)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in B96 (Redditch)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in B96 (Redditch)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the B96 (Redditch) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the B96 postcode area since 1995.

Recent Sales in B96 (Redditch)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
25 Chestnut Road, Astwood Bank, Redditch, Worcestershire, B96 6AF	£325,000	£315,000	-£10,000	20 Oct 2023	28 Mar 2024	160 Days
8 Chestnut Road, Astwood Bank, Redditch, Worcestershire, B96 6AF	£435,000	£397,000	-£38,000	20 Dec 2022	08 Mar 2024	444 Days
11a, Feckenham Road, Astwood Bank, Redditch, Worcestershire, B96 6DS	£130,000	£125,000	-£5,000	28 Sep 2023	21 Dec 2023	84 Days
85 Western Hill Close, Astwood Bank, Redditch, Worcestershire, B96 6BY	£425,000	£425,000	£00	11 May 2023	19 Dec 2023	222 Days
4 Butler Street, Astwood Bank, Redditch, Worcestershire, B96 6BS	£225,000	£225,000	£00	03 Jul 2023	27 Nov 2023	147 Days
89 Western Hill Close, Astwood Bank, Redditch, Worcestershire, B96 6BY	£475,000	£470,000	-£5,000	28 Jul 2023	24 Nov 2023	119 Days
19 Yeomans Close, Astwood Bank, Redditch, Worcestershire, B96 6ET	£480,000	£430,000	-£50,000	20 Mar 2023	17 Nov 2023	242 Days
35 Church Road, Astwood Bank, Redditch, Worcestershire, B96 6DH	£290,000	£282,500	-£7,500	24 Aug 2023	17 Nov 2023	85 Days
The Oaklands, Bouts Lane, Holberrow Green, Redditch, Worcestershire, B96 6JX	£925,000	£890,000	-£35,000	23 Aug 2023	17 Nov 2023	86 Days
22 High Street, Feckenham, Redditch, Worcestershire, B96 6HS	£190,000	£185,000	-£5,000	18 Jul 2023	03 Nov 2023	108 Days
40 Droitwich Road, Feckenham, Redditch, Worcestershire, B96 6RU	£295,000	£270,000	-£25,000	02 May 2023	25 Oct 2023	176 Days
30 High Street, Feckenham, Redditch, Worcestershire, B96 6HS	£450,000	£450,000	£00	20 Oct 2022	09 Oct 2023	354 Days
14 Astwood Lane, Feckenham, Redditch, Worcestershire, B96 6HP	£425,000	£425,000	£00	08 Jul 2023	09 Oct 2023	93 Days
164 The Ridgeway, New End, Redditch, Worcestershire, B96 6NJ	£700,000	£700,000	£00	08 Jun 2023	27 Sep 2023	111 Days
Greenhills, Church Road, Bradley Green, Redditch, Worcestershire, B96 6SN	£1,100,000	£1,055,000	-£45,000	26 Jun 2023	26 Sep 2023	92 Days
1189 Evesham Road, Astwood Bank, Redditch, Worcestershire, B96 6DY	£265,000	£260,000	-£5,000	10 Jul 2023	22 Sep 2023	74 Days
25 Avenue Road, Astwood Bank, Redditch, Worcestershire, B96 6AQ	£290,000	£287,500	-£2,500	30 May 2023	20 Sep 2023	113 Days
14 Butler Street, Astwood Bank, Redditch, Worcestershire, B96 6BS	£300,000	£285,000	-£15,000	24 Mar 2023	08 Sep 2023	168 Days
3 Dewsbury Close, Astwood Bank, Redditch, Worcestershire, B96 6BH	£240,000	£235,000	-£5,000	07 Jun 2023	18 Aug 2023	72 Days
5 Wood Lane, New End, Redditch, Worcestershire, B96 6NN	£475,000	£450,000	-£25,000	18 Apr 2023	16 Aug 2023	120 Days

Most Expensive Streets in B96 (Redditch)

Postcode	Street	Area	Average	No. of Sales
B96 6PA	Sambourne Lane, Sambourne	Redditch	£1,005,333	3
B96 6BJ	Manders Close, Astwood Bank	Redditch	£748,333	3
B96 6TE	Middle Road, Stock Green	Redditch	£745,000	3
B96 6SY	Earls Common Road, Stock Green	Redditch	£726,566	3
B96 6PJ	Sambourne Lane Farm, Sambourne Lane	Redditch	£702,500	4
B96 6PE	St Josephs Court, Sambourne Lane	Redditch	£662,200	5
B96 6PD	Perrymill Lane, Sambourne	Redditch	£660,000	3
B96 6NX	Middletown Lane, Sambourne	Redditch	£656,000	3
B96 6QU	Droitwich Road, Bradley Green	Redditch	£644,767	4
B96 6JT	Salt Way, Astwood Bank	Redditch	£641,500	3

Least Expensive Streets in B96 (Redditch)

Postcode	Street	Area	Average	No. of Sales
B96 6BW	Foregate Street, Astwood Bank	Redditch	£129,583	12
B96 6AL	Chapel Road, Astwood Bank	Redditch	£171,000	6
B96 6AA	Evesham Road, Astwood Bank	Redditch	£181,466	9
B96 6DS	Feckenham Road, Astwood Bank	Redditch	£195,250	4
B96 6BS	Butler Street, Astwood Bank	Redditch	£222,500	4
B96 6ED	Evesham Road, Astwood Bank	Redditch	£245,350	5
B96 6AJ	Foregate Street, Astwood Bank	Redditch	£246,200	5
B96 6ET	Yeomans Close, Astwood Bank	Redditch	£246,583	12
B96 6DY	Evesham Road, Astwood Bank	Redditch	£246,875	8
B96 6BH	Dewsbury Close, Astwood Bank	Redditch	£248,562	4