45, MERCOT CLOSE, REDDITCH, B98 7YX - £185,000

45 MERCOT CLOSE is a very small detached house of 74m², built sometime between 1983 and 1990. It was last sold for £185,000 in August 2012, which was around 22% below the average August 2012 detached price in the Redditch local authority area. The most recent EPC inspection was May 2012, where the current energy rating was C, and the potential energy rating was B.

45 MERCOT CLOSE Sold Prices

Land registry data shows three sales for 45 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 45 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
2012 10 AUG	£185,000	£235,800	22% below HPI
2011 28 NOV	£165,000	£232,659	29% below HPI
2003 26 AUG	£99,000	£200,647	51% below HPI

45 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 45 MERCOT CLOSE sales between August 2003 and August 2012 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 November 2011 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the August 2012 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 45 MERCOT CLOSE?

45 MERCOT CLOSE is 74m² according to the EPC inspection conducted in May 2012. 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 45 MERCOT CLOSE lies on this distribution: 8% of detached houses are smaller than 45 MERCOT CLOSE, and 92% of houses are larger. Note that EPC data is not available for all properties in Redditch.

45 MERCOT CLOSE: Plot and Title Map

45 MERCOT CLOSE sits on a plot of roughly 0.171 of an acre, or 691m². The below map shows the location of 45 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 45 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 45 MERCOT CLOSE?

45 MERCOT CLOSE is located in REDDITCH, in the B98 postcode district. The below map shows the position of No. 45 on MERCOT CLOSE.