Market outlook for B98
Key indicators for buyers
The B98 market is moderately favourable for buyers. Prices have softened (-5.8%), which could present a buying opportunity. Affordability has improved from a peak of 8.9x in 2022 to 6.9x today.
Price trends
Yearly averages · HM Land Registry Price Paid Data
Prices by property type
2026averages · HM Land Registry Price Paid Data
Affordability ratio
House price ÷ median earnings · ONS data
Affordability data shown for wider Redditch area
A home in Redditch costs 6.9x the local median salary — moderate, improving from a peak of 8.9x in 2022.
Rental trends
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Redditch area
Average monthly rent in Redditch is £896, up 0.3% year-on-year. Rents have risen consistently over the past five years.
Monthly mortgage
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average Redditch price of £256,333 with a 25% deposit (£64k), a 2-year fixed mortgage at 3.97% costs around £1,012 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses B98 avg. price with Redditch rental data
Monthly mortgage payments (£1,012) are £116 more than renting (£896). However, buying requires an upfront deposit of £64k — it would take around 11 years to recoup that cost compared to renting and investing the difference.
Recent sales
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
3, BELBROUGHTON CLOSE, LODGE PARK B98 7NH | Terraced | £190,000 | 29 Jan 2026 |
LINDRIDGE, THE MAYFIELDS B98 7DU | Detached | £392,000 | 14 Jan 2026 |
80, ILLSHAW CLOSE, WINYATES B98 0QZ | Detached | £233,000 | 13 Jan 2026 |
55, PITCHCOMBE CLOSE B98 7HS | Semi-detached | £255,000 | 12 Jan 2026 |
31, FERNWOOD CLOSE B98 7TN | Detached | £425,000 | 12 Jan 2026 |
155, LOXLEY CLOSE B98 9JJ | Terraced | £200,000 | 9 Jan 2026 |
121, DONNINGTON CLOSE, CHURCH HILL B98 8QE | Semi-detached |
Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.