Area Guide For Redditch

Redditch, is a town and nearby government region in north-east Worcestershire, England, give or take 15 miles (24 km) south of Birmingham. The locale had a populace of 84,300 in 2011. In the nineteenth century it turned into the global place for the needle and angling supplies tackle industry. At a certain point 90% of the world's needles were made in the town and its neighbourhoods. In the 1960s it turned into a model for present day new town arranging. The initially recorded notice of Redditch ("Red-Ditch", thought to be a reference to the red earth of the adjacent River Arrow) is in 1348, the year of the episode of the Black Death. Amid the Middle Ages it turned into a core of needle-production and later conspicuous commercial ventures were fish-snares, fishing supplies handle, bikes and springs, the final one of which was remarkably embraced by Herbert Terry and Sons. Redditch was assigned another town in 1964 and the populace expanded dramatically from 32,000 to around 77,000. Lodging improvements, for example, Church Hill, Matchborough, Winyates, Lodge Park and Woodrow were made to suit a substantial overspill from the mechanically growing Birmingham. Redditch was assembled as a "leader" town utilizing new strategies and new town arranging: all the principle streets (for the most part new double carriageways and in addition a ring street for the town focus) were saved money to decrease clamor to the new lodging homes, and the entire of Redditch was arranged. The Cross-City Line gives a standard train administration by means of Birmingham New Street to Lichfield Trent Valley. Redditch route station, the southern end of the line, was initially opened as the end of the Redditch Railway on 19 September 1859, close by what is presently Clive Road. This first station stayed until 4 May 1868 when the last segment from Alcester to Redditch of the Redditch and Evesham Railway was shut, and soon thereafter a second station was assembled close by the intersection of Bromsgrove Road and Plymouth Road. This station was given a standard Midland Railway outline and two stages. The current station, inherent 1993, offers minimal more than a ticket office and a store.


Redditch Map

Estimated Price: £197,971
Average Asking Price: £240,545
Price change in last one year: £12,915
Average Price Paid: £172,407
Average Rent Rates: £1,756


Property Prices Breakdown in Redditch

Average Price for property in Redditch is around £197,971 which varies based on type of property you are interested in and ranges from £291,374 for detached house to around £175,899 for semi-detached. Similarly terraced house is around £138,507 and a flat is worth £115,331. Values have been changing and have risen £593 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,792 in last 6 months, £12,915 in last 1 year, £21,101 in last 2 years, £23,668 in last 3 years, £24,748 in last 4 years and £24,340 in last 5 years.

Currently average asking price of a property in Redditch is around £240,545 based on approximately 1,231 properties for sale. Same is the case with rental options based on 124 properties up for rent, average asking rent is around £1,756 per month.

Estimated property value in Redditch is £197,971. Average asking price is £240,545 while average price paid is £182,678 which is up by £12,915 and Avg. asking rent £1,756.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Redditch area. In last 1 year alone average price buyer paid is around £182,678 based on approximately 1,231 sales in Redditch area alone. If you compare it to last 3 years sales of 3,308 properties where buyers paid around £174,913. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £172,407 for 5,250 and average amount paid for purchase of approx. 6,858 properties sold in last 7 years comes to about £170,413 per sale.


Properties For Sale in Redditch


Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £173,333, £146,570 for a 2 bedroom house, £173,515 for a 3 bedroom house, £305,325 for a 4 bedroom house and £580,735 for a 5 bedroom house. For a flat similarly the prices varies from £82,838 for a single bedroom to £101,302 for a 2 bedroom Flat. To sum up the asking prices for properties in Redditch it comes to around average £94,641 for 1 bedroom property, £127,708 for 2 bedroom, £173,515 for 3 bedroom, £305,325 for 4 bedroom and £580,735 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £390 for 1 bedroom to £581 for 2 bedroom, £715 for 3 bedroom and £997 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £486. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £580 and £598 for 4 bedroom. You should be generally be expecting around average £470 rent per month for single bedroom property, £580 for 2 bedroom, £715 for 3 bedroom and approximately £864 for 4 bedroom property in Redditch area.

Popular Houses in Redditch

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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