62, MERCOT CLOSE, REDDITCH, B98 7YY - £175,000

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.

62 MERCOT CLOSE is a very small detached house of 56m², built sometime between 1983 and 1990, which could now be worth an estimated £309,127. It was last sold for £175,000 in August 2013, which was around 23% below the average August 2013 detached price in the Redditch local authority area. The most recent EPC inspection was February 2012, where the current energy rating was D, and the potential energy rating was C.

62 MERCOT CLOSE Sold Prices

Land registry data shows one sale for 62 MERCOT CLOSE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average detached price in the Redditch local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2013 14 AUG	£175,000	£228,291	23% below HPI

What might 62 MERCOT CLOSE be worth now?

62 MERCOT CLOSE might now be worth an estimated £309,127.

This is based on house price inflation of 76.6%, between August 2013 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 76.6% inflationary increase is applied to the most recent sale price for 62 MERCOT CLOSE of £175,000 on 14th August 2013. For the value to have increased from £175,000 to £309,127 over the thirteen years and four months to April 2026, the following assumptions must hold true:

• The value of 62 MERCOT CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The August 2013 sale price of £175,000 represented a fair market value for the property.
• The size, condition, and specification of 62 MERCOT CLOSE has not materially changed since August 2013.

How Large is 62 MERCOT CLOSE?

62 MERCOT CLOSE is 56m² according to the EPC inspection conducted in February 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 62 MERCOT CLOSE lies on this distribution: 1% of detached houses are smaller than 62 MERCOT CLOSE, and 99% of detached houses are larger. Note that EPC data is not available for all properties in Redditch.

62 MERCOT CLOSE: Plot

62 MERCOT CLOSE sits on a plot of roughly 0.086 of an acre, or 348m².

Where is 62 MERCOT CLOSE?

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