42, MERCOT CLOSE, REDDITCH, B98 7YX - £98,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

42 MERCOT CLOSE is a detached house, which could now be worth an estimated £305,791. It was last sold for £98,000 in May 2001, which was around 24% below the average May 2001 detached price in the Redditch local authority area.

42 MERCOT CLOSE Sold Prices

Land registry data shows two sales for 42 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 42 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
2001 24 MAY	£98,000	£129,238	24% below HPI
1997 28 FEB	£67,500	£88,438	24% below HPI

What might 42 MERCOT CLOSE be worth now?

42 MERCOT CLOSE might now be worth an estimated £305,791.

This is based on house price inflation of 212%, between May 2001 and April 2026, for detached houses, in the Redditch local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 212% inflationary increase is applied to the most recent sale price for 42 MERCOT CLOSE of £98,000 on 24th May 2001. For the value to have increased from £98,000 to £305,791 over the 25 years and one month to April 2026, the following assumptions must hold true:

• The value of 42 MERCOT CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The May 2001 sale price of £98,000 represented a fair market value for the property.
• The size, condition, and specification of 42 MERCOT CLOSE has not materially changed since May 2001.

Where is 42 MERCOT CLOSE?

42 MERCOT CLOSE is located in REDDITCH, in the B98 postcode district.