79, MERCOT CLOSE, REDDITCH, B98 7YY - £270,000

79 MERCOT CLOSE is a very small semi-detached house of 72m², built sometime between 1983 and 1990. It was last sold for £270,000 in September 2022, which was around 35% below the average September 2022 detached price in the Redditch local authority area. The most recent EPC inspection was March 2015, where the current energy rating was D, and the potential energy rating was B.

79 MERCOT CLOSE Sold Prices

Land registry data shows four sales for 79 MERCOT 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 79 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
2022 23 SEP	£270,000	£412,990	35% below HPI
2020 9 APR	£229,000	£337,744	32% below HPI
2015 7 AUG	£197,500	£278,921	29% below HPI
2001 15 JUN	£87,000	£135,646	36% below HPI

79 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 four 79 MERCOT CLOSE sales between June 2001 and September 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 April 2020 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the September 2022 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is 79 MERCOT CLOSE?

79 MERCOT CLOSE is 72m² according to the EPC inspection conducted in March 2015. 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 79 MERCOT CLOSE lies on this distribution: 7% of detached houses are smaller than 79 MERCOT CLOSE, and 93% of houses are larger. Note that EPC data is not available for all properties in Redditch.

79 MERCOT CLOSE: Plot and Title Map

79 MERCOT CLOSE sits on a plot of roughly 0.065 of an acre, or 264m². The below map shows the location of 79 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 79 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 79 MERCOT CLOSE?

79 MERCOT CLOSE is located in REDDITCH, in the B98 postcode district. The below map shows the position of No. 79 on MERCOT CLOSE.