House prices in Redditch have gone up by an average of over £1,000 in the month of August, according to figures from the Land Registry.
The latest data from the government department reveals that in August 2022 average house prices in Redditch reached £262,881.
This was up from £261,517 in July, representing a 0.5 per cent increase. In the last 12 months it has risen by 12.6 per cent.
If you are interested in buying or renting a home, you can see the latest properties in and around Redditch here.
How much have house prices increased in Redditch?
Breaking it down for specific types of housing, all prices saw an increase.
- Detached houses - Up to £428,208 from £426,187 in July
- Semi-detached houses - Up to £261,608 from £260,423 in July
- Terraced houses - Up to £205,161 from £203,700 in July
- Flats - Up to £125,393 from £125,090 in July
How do Redditch house prices compare to the UK average?
Despite the rise in prices this month, Redditch is still below the UK average with typical property value in the nations reaching £295,903 in August.
In cash terms, the average house price in August was £35,473 higher than a year earlier with house price growth accelerating to 13.6 per cent in August 2022. Prices were up by 0.9 per cent month on month.
How much could your house be worth?
We have created this map for the West Midlands so you can see the average house price in each neighbourhood since 1995.
Sites like Zoopla can offer an estimate valuation of your house if you input your postcode into their website here.
The above map can demonstrate which areas of Redditch are the most expensive for average house prices.
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