2, GISBURN CLOSE, REDDITCH, B97 6TH - £310,000

2 GISBURN CLOSE is a very small extended detached house of 71m², built sometime between 1996 and 2002. It was last sold for £310,000 in November 2022, which was around 25% below the average November 2022 detached price in the Redditch local authority area. The most recent EPC inspection was October 2019, where the current energy rating was C, and the potential energy rating was B.

2 GISBURN CLOSE Sold Prices

Land registry data shows four sales for 2 GISBURN 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 2 GISBURN 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 NOV	£310,000	£411,726	25% below HPI
2020 5 MAR	£230,000	£333,132	31% below HPI
2007 2 APR	£179,950	£246,872	27% below HPI
2000 29 FEB	£89,995	£114,489	21% below HPI

2 GISBURN 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 2 GISBURN CLOSE sales between February 2000 and November 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 March 2020 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the November 2022 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 2 GISBURN CLOSE?

2 GISBURN CLOSE is 71m², which includes one extension, according to the EPC inspection conducted in October 2019. 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 2 GISBURN CLOSE lies on this distribution: 6% of detached houses are smaller than 2 GISBURN CLOSE, and 93% of houses are larger. Note that EPC data is not available for all properties in Redditch.

2 GISBURN CLOSE: Plot and Title Map

2 GISBURN CLOSE sits on a plot of roughly 0.046 of an acre, or 187m². The below map shows the location of 2 GISBURN 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 2 GISBURN 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 2 GISBURN CLOSE?

2 GISBURN CLOSE is located in REDDITCH, in the B97 postcode district. The below map shows the position of No. 2 on GISBURN CLOSE.