1, MERCOT CLOSE, REDDITCH, B98 7YX - £228,000

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.

1 MERCOT CLOSE is a very small detached house of 74m², built sometime between 1976 and 1982, which could now be worth an estimated £339,653. It was last sold for £228,000 in September 2015, which was around 16% below the average September 2015 detached price in the Redditch local authority area. The most recent EPC inspection was June 2009, where the current energy rating was D, and the potential energy rating was C.

1 MERCOT CLOSE Sold Prices

Land registry data shows three sales for 1 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 1 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
2015 18 SEP	£228,000	£270,700	16% below HPI
2009 14 AUG	£174,950	£212,247	18% below HPI
2009 14 AUG	£174,950	£212,247	18% below HPI

What might 1 MERCOT CLOSE be worth now?

1 MERCOT CLOSE might now be worth an estimated £339,653.

This is based on house price inflation of 49%, between September 2015 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 49% inflationary increase is applied to the most recent sale price for 1 MERCOT CLOSE of £228,000 on 18th September 2015. For the value to have increased from £228,000 to £339,653 over the eleven years and five months to April 2026, the following assumptions must hold true:

• The value of 1 MERCOT CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The September 2015 sale price of £228,000 represented a fair market value for the property.
• The size, condition, and specification of 1 MERCOT CLOSE has not materially changed since September 2015.

How Large is 1 MERCOT CLOSE?

1 MERCOT CLOSE is 74m² according to the EPC inspection conducted in June 2009. 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 1 MERCOT CLOSE lies on this distribution: 9% of detached houses are smaller than 1 MERCOT CLOSE, and 91% of detached houses are larger. Note that EPC data is not available for all properties in Redditch.

1 MERCOT CLOSE: Plot

1 MERCOT CLOSE sits on a plot of roughly 0.098 of an acre, or 395m².

Where is 1 MERCOT CLOSE?

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