18, MILLRACE ROAD, REDDITCH, B98 8HX - £295,000

18 MILLRACE ROAD is a midsized extended detached house of 111m², built sometime between 1967 and 1975. It was last sold for £295,000 in August 2020, which was around 14% below the average August 2020 detached price in the Redditch local authority area. The most recent EPC inspection was February 2020, where the current energy rating was C, and the potential energy rating was B.

18 MILLRACE ROAD Sold Prices

Land registry data shows three sales for 18 MILLRACE ROAD 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 MILLRACE ROAD 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 28 AUG	£295,000	£344,679	14% below HPI
2016 6 JUL	£258,000	£292,666	12% below HPI
2011 18 AUG	£183,000	£230,424	21% below HPI

18 MILLRACE ROAD 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 MILLRACE ROAD sales between August 2011 and August 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 July 2016 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the August 2020 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is 18 MILLRACE ROAD?

18 MILLRACE ROAD is 111m², which includes one extension, according to the EPC inspection conducted in February 2020. 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 MILLRACE ROAD lies on this distribution: 49% of detached houses are smaller than 18 MILLRACE ROAD, and 50% of houses are larger. Note that EPC data is not available for all properties in Redditch.

18 MILLRACE ROAD: Plot and Title Map

18 MILLRACE ROAD sits on a plot of roughly 0.064 of an acre, or 259m². The below map shows the location of 18 MILLRACE ROAD, 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 MILLRACE ROAD). 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 MILLRACE ROAD?

18 MILLRACE ROAD is located in REDDITCH, in the B98 postcode district. The below map shows the position of No. 18 on MILLRACE ROAD.