18, DRAKES CLOSE, REDDITCH, B97 5NG - £312,000

18 DRAKES CLOSE is a midsized detached house of 111m², built sometime between 2003 and 2006. It was last sold for £312,000 in June 2020, which was around 10% below the average June 2020 detached price in the Redditch local authority area. The most recent EPC inspection was January 2015, where the current energy rating was C, and the potential energy rating was B.

18 DRAKES CLOSE Sold Prices

Land registry data shows three sales for 18 DRAKES 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 18 DRAKES 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
2020 10 JUN	£312,000	£345,631	10% below HPI
2015 27 MAR	£225,000	£263,931	15% below HPI
2004 12 AUG	£208,000	£220,342	6% below HPI

18 DRAKES 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 18 DRAKES CLOSE sales between August 2004 and June 2020 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 March 2015 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the June 2020 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 18 DRAKES CLOSE?

18 DRAKES CLOSE is 111m² according to the EPC inspection conducted in January 2015. This puts it in the smallest 50% of detached houses in Redditch, based on EPC data. The below chart shows the distribution of detached houses by size in Redditch, and where 18 DRAKES CLOSE lies on this distribution: 49% of detached houses are smaller than 18 DRAKES CLOSE, and 50% of houses are larger. Note that EPC data is not available for all properties in Redditch.

18 DRAKES CLOSE: Plot and Title Map

18 DRAKES CLOSE sits on a plot of roughly 0.090 of an acre, or 364m². The below map shows the location of 18 DRAKES 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 18 DRAKES 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 18 DRAKES CLOSE?

18 DRAKES CLOSE is located in REDDITCH, in the B97 postcode district. The below map shows the position of No. 18 on DRAKES CLOSE.