86, MERCOT CLOSE, REDDITCH, B98 7YY - £260,000

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.

86 MERCOT CLOSE is a small extended semi-detached house of 75m², built sometime between 1983 and 1990, which could now be worth an estimated £270,399. It was last sold for £260,000 in August 2022, which was around 5% above the average August 2022 semi-detached price in the Redditch local authority area. The most recent EPC inspection was November 2012, where the current energy rating was C, and the potential energy rating was B.

86 MERCOT CLOSE Sold Prices

Land registry data shows five sales for 86 MERCOT CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average semi-detached price in the Redditch local authority area for the corresponding sale date. All of the five 86 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
2022 24 AUG	£260,000	£246,694	5% above HPI
2013 22 FEB	£156,000	£141,237	10% above HPI
2002 12 JUL	£114,800	£88,457	30% above HPI
2002 12 JUL	£114,800	£88,457	30% above HPI
1996 29 MAR	£59,950	£52,261	15% above HPI

What might 86 MERCOT CLOSE be worth now?

86 MERCOT CLOSE might now be worth an estimated £270,399.

This is based on house price inflation of 4%, between August 2022 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 4% inflationary increase is applied to the most recent sale price for 86 MERCOT CLOSE of £260,000 on 24th August 2022. For the value to have increased from £260,000 to £270,399 over the four years and four months to April 2026, the following assumptions must hold true:

• The value of 86 MERCOT CLOSE has moved in line with the HPI for semi-detached houses in the Redditch local authority area.
• The August 2022 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of 86 MERCOT CLOSE has not materially changed since August 2022.

How Large is 86 MERCOT CLOSE?

86 MERCOT CLOSE is 75m², which includes one extension, according to the EPC inspection conducted in November 2012. 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 86 MERCOT CLOSE lies on this distribution: 31% of semi-detached houses are smaller than 86 MERCOT CLOSE, and 68% of semi-detached houses are larger. Note that EPC data is not available for all properties in Redditch.

86 MERCOT CLOSE: Plot

86 MERCOT CLOSE sits on a plot of roughly 0.070 of an acre, or 282m².

Where is 86 MERCOT CLOSE?

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