12, PRESTON CLOSE, REDDITCH, B98 8RU - £400,000

12 PRESTON CLOSE is a large detached house of 130m², built sometime between 1976 and 1982. It was last sold for £400,000 in March 2022, which was around 3% above the average March 2022 detached price in the Redditch local authority area. The most recent EPC inspection was September 2021, where the current energy rating was C, and the potential energy rating was B.

12 PRESTON CLOSE Sold Prices

Land registry data shows four sales for 12 PRESTON CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Redditch local authority area for the corresponding sale date. All of the four 12 PRESTON CLOSE sales were for above 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 4 MAR	£400,000	£388,161	3% above HPI
2013 25 OCT	£267,000	£246,513	8% above HPI
2009 11 SEP	£248,500	£219,480	13% above HPI
2002 23 AUG	£175,000	£165,617	6% above HPI

12 PRESTON 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 four 12 PRESTON CLOSE sales between August 2002 and March 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 2013 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the March 2022 sale, where it falls to 3% above the HPI. The line then continues to track at 3% above the HPI.

How Large is 12 PRESTON CLOSE?

12 PRESTON CLOSE is 130m² according to the EPC inspection conducted in September 2021. This puts it in the largest 30% of detached houses in Redditch, based on EPC data. The below chart shows the distribution of detached houses by size in Redditch, and where 12 PRESTON CLOSE lies on this distribution: 72% of detached houses are smaller than 12 PRESTON CLOSE, and 27% of houses are larger. Note that EPC data is not available for all properties in Redditch.

12 PRESTON CLOSE: Plot and Title Map

12 PRESTON CLOSE sits on a plot of roughly 0.091 of an acre, or 369m². The below map shows the location of 12 PRESTON 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 12 PRESTON 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 12 PRESTON CLOSE?

12 PRESTON CLOSE is located in REDDITCH, in the B98 postcode district. The below map shows the position of No. 12 on PRESTON CLOSE.