32, MERCOT CLOSE, REDDITCH, B98 7YX - £250,000

32 MERCOT CLOSE is a very small detached house of 73m², built sometime between 1983 and 1990. It was last sold for £250,000 in June 2017, which was around 19% below the average June 2017 detached price in the Redditch local authority area. The most recent EPC inspection was February 2017, where the current energy rating was C, and the potential energy rating was B.

32 MERCOT CLOSE Sold Prices

Land registry data shows three sales for 32 MERCOT 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 32 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
2017 30 JUN	£250,000	£309,523	19% below HPI
2004 5 MAR	£155,000	£214,190	28% below HPI
1997 23 MAY	£67,000	£92,183	27% below HPI

32 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 three 32 MERCOT CLOSE sales between May 1997 and June 2017 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 2004 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the June 2017 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 32 MERCOT CLOSE?

32 MERCOT CLOSE is 73m² according to the EPC inspection conducted in February 2017. 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 32 MERCOT CLOSE lies on this distribution: 7% of detached houses are smaller than 32 MERCOT CLOSE, and 92% of houses are larger. Note that EPC data is not available for all properties in Redditch.

32 MERCOT CLOSE: Plot and Title Map

32 MERCOT CLOSE sits on a plot of roughly 0.085 of an acre, or 342m². The below map shows the location of 32 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 32 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 32 MERCOT CLOSE?

32 MERCOT CLOSE is located in REDDITCH, in the B98 postcode district. The below map shows the position of No. 32 on MERCOT CLOSE.