House prices in Redditch have soared by an average of over £8,000 in the month of July, according to figures from the Land Registry.
The latest data from the government department reveals that in July 2022 average house prices in Redditch reached £261,637.
This was up from £253,178 in June, representing a 3.3 per cent increase. In the last 12 months it has risen by 12.9 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 £422,435 from £410,665 in June
- Semi-detached houses - Up to £261,422 from £252,437 in June
- Terraced houses - Up to £204,782 from £197,571 in June
- Flats - Up to £125,616 from £121,519 in June
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 £292,118 in July.
In cash terms, the average house price in July was £39,157 higher than a year earlier with house price growth accelerating to 15.5 per cent in July 2022. Prices were up by 2.0 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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