16, MERCOT CLOSE, REDDITCH, B98 7YX - £255,000

16 MERCOT CLOSE is a very small detached house of 76m², built sometime between 1976 and 1982. It was last sold for £255,000 in March 2019, which was around 23% below the average March 2019 detached price in the Redditch local authority area. The most recent EPC inspection was May 2014, where the current energy rating was D, and the potential energy rating was B.

16 MERCOT CLOSE Sold Prices

Land registry data shows two sales for 16 MERCOT CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Redditch local authority area for the corresponding sale date. Both of the two 16 MERCOT 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
2019 4 MAR	£255,000	£331,526	23% below HPI
2014 1 OCT	£165,000	£255,943	36% below HPI

16 MERCOT 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 two 16 MERCOT CLOSE sales from October 2014 and March 2019 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 2014 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the March 2019 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 16 MERCOT CLOSE?

16 MERCOT CLOSE is 76m² according to the EPC inspection conducted in May 2014. 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 16 MERCOT CLOSE lies on this distribution: 9% of detached houses are smaller than 16 MERCOT CLOSE, and 90% of houses are larger. Note that EPC data is not available for all properties in Redditch.

16 MERCOT CLOSE: Plot and Title Map

16 MERCOT CLOSE sits on a plot of roughly 0.085 of an acre, or 342m². The below map shows the location of 16 MERCOT 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 16 MERCOT 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 16 MERCOT CLOSE?

16 MERCOT CLOSE is located in REDDITCH, in the B98 postcode district. The below map shows the position of No. 16 on MERCOT CLOSE.