1, MARCHWOOD CLOSE, REDDITCH, B97 6TX - £255,000

1 MARCHWOOD CLOSE is a very small detached house of 70m², built sometime between 1996 and 2002. It was last sold for £255,000 in August 2022, which was around 37% below the average August 2022 detached price in the Redditch local authority area. The most recent EPC inspection was January 2022, where the current energy rating was C, and the potential energy rating was B.

1 MARCHWOOD CLOSE Sold Prices

Land registry data shows three sales for 1 MARCHWOOD CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Redditch local authority area for the corresponding sale date. All of the three 1 MARCHWOOD CLOSE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2022 25 AUG	£255,000	£407,817	37% below HPI
2005 3 OCT	£156,000	£237,419	34% below HPI
2000 26 APR	£94,895	£116,350	18% below HPI

1 MARCHWOOD CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Redditch local authority area over time, sourced from the HPI. The three 1 MARCHWOOD CLOSE sales between April 2000 and August 2022 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the October 2005 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the August 2022 sale, where it falls to 37% below the HPI. The line then continues to track at 37% below the HPI.

How Large is 1 MARCHWOOD CLOSE?

1 MARCHWOOD CLOSE is 70m² according to the EPC inspection conducted in January 2022. This puts it in the smallest 10% of detached houses in Redditch, based on EPC data. The below chart shows the distribution of detached houses by size in Redditch, and where 1 MARCHWOOD CLOSE lies on this distribution: 5% of detached houses are smaller than 1 MARCHWOOD CLOSE, and 94% of houses are larger. Note that EPC data is not available for all properties in Redditch.

1 MARCHWOOD CLOSE: Plot and Title Map

1 MARCHWOOD CLOSE sits on a plot of roughly 0.048 of an acre, or 194m². The below map shows the location of 1 MARCHWOOD CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 MARCHWOOD CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 MARCHWOOD CLOSE?

1 MARCHWOOD CLOSE is located in REDDITCH, in the B97 postcode district. The below map shows the position of No. 1 on MARCHWOOD CLOSE.