85, MERCOT CLOSE, REDDITCH, B98 7YY - £280,000

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.

85 MERCOT CLOSE is a small extended semi-detached house of 79m², built sometime between 1983 and 1990, which could now be worth an estimated £289,510. It was last sold for £280,000 in October 2023, which was around 13% above the average October 2023 semi-detached price in the Redditch local authority area. The most recent EPC inspection was February 2020, where the current energy rating was D, and the potential energy rating was B.

85 MERCOT CLOSE Sold Prices

Land registry data shows six sales for 85 MERCOT CLOSE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average semi-detached price in the Redditch local authority area for the corresponding sale date. All of the six 85 MERCOT CLOSE sales were for above 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
2023 6 OCT	£280,000	£248,133	13% above HPI
2020 27 NOV	£230,000	£207,660	11% above HPI
2014 5 DEC	£182,000	£152,273	20% above HPI
2009 20 AUG	£152,750	£130,327	17% above HPI
2002 22 JUL	£114,200	£88,457	29% above HPI
2002 22 JUL	£114,200	£88,457	29% above HPI

What might 85 MERCOT CLOSE be worth now?

85 MERCOT CLOSE might now be worth an estimated £289,510.

This is based on house price inflation of 3.4%, between October 2023 and April 2026, for semi-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 3.4% inflationary increase is applied to the most recent sale price for 85 MERCOT CLOSE of £280,000 on 6th October 2023. For the value to have increased from £280,000 to £289,510 over the three years and six months to April 2026, the following assumptions must hold true:

• The value of 85 MERCOT CLOSE has moved in line with the HPI for semi-detached houses in the Redditch local authority area.
• The October 2023 sale price of £280,000 represented a fair market value for the property.
• The size, condition, and specification of 85 MERCOT CLOSE has not materially changed since October 2023.

How Large is 85 MERCOT CLOSE?

85 MERCOT CLOSE is 79m², which includes one extension, according to the EPC inspection conducted in February 2020. This puts it in the smallest 40% of semi-detached houses in Redditch, based on EPC data. The below chart shows the distribution of semi-detached houses by size in Redditch, and where 85 MERCOT CLOSE lies on this distribution: 40% of semi-detached houses are smaller than 85 MERCOT CLOSE, and 58% of semi-detached houses are larger. Note that EPC data is not available for all properties in Redditch.

85 MERCOT CLOSE: Plot

85 MERCOT CLOSE sits on a plot of roughly 0.063 of an acre, or 253m².

Where is 85 MERCOT CLOSE?

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