1, CRANHAM CLOSE, REDDITCH, B97 5AY - £440,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 CRANHAM CLOSE is a midsized extended detached house of 107m², built sometime between 1983 and 1990. It was last sold for £440,000 in September 2021, which was around 19% above the average September 2021 detached price in the Redditch local authority area. The most recent EPC inspection was August 2019, where the current energy rating was C, and the potential energy rating was B.

1 CRANHAM CLOSE Sold Prices

Land registry data shows four sales for 1 CRANHAM 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. Most of the four 1 CRANHAM 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
2021 10 SEP	£440,000	£370,637	19% above HPI
2020 11 MAY	£330,000	£342,830	4% below HPI
2003 18 JUL	£175,500	£199,262	12% below HPI
1996 31 JUL	£75,500	£87,760	14% below HPI

1 CRANHAM 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 1 CRANHAM CLOSE sales between July 1996 and September 2021 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 May 2020 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the September 2021 sale, where it rises to 19% above the HPI. The line then continues to track at 19% above the HPI.

How Large is 1 CRANHAM CLOSE?

1 CRANHAM CLOSE is 107m², which includes one extension, according to the EPC inspection conducted in August 2019. This puts it in the smallest 50% 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 CRANHAM CLOSE lies on this distribution: 44% of detached houses are smaller than 1 CRANHAM CLOSE, and 56% of houses are larger. Note that EPC data is not available for all properties in Redditch.

1 CRANHAM CLOSE: Plot and Title Map

1 CRANHAM CLOSE sits on a plot of roughly 0.122 of an acre, or 493m². The below map shows the location of 1 CRANHAM 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 1 CRANHAM 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 1 CRANHAM CLOSE?

1 CRANHAM CLOSE is located in REDDITCH, in the B97 postcode district. The below map shows the position of No. 1 on CRANHAM CLOSE.