House prices in Redditch have soared by an average of over £12,000 in the month of April, according to figures from the Land Registry.
The price rise in Redditch is one of the highest percentage increases in the entirety of the UK over the month.
The latest data from the government department reveals that in April 2022 average house prices in Redditch reached £258,459.
This was up from £246,330 in March, representing a 4.9 per cent increase. In the last 12 months it has risen by 12.7 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 £422,580 from £402,910 in March
- Semi-detached houses - Up to £257,272 from £245,039 in March
- Terraced houses - Up to £199,892 from £190,345 in March
- Flats - Up to £124,788 from £119,519 in March
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 £281,161 in April.
In cash terms, the average house price in April was £31,575 higher than a year earlier with house price growth accelerating to 12.4 per cent in April 2022. Prices were up by 1.1 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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