1, LENCH CLOSE, REDDITCH, B97 6TU - £276,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 LENCH CLOSE is a very small detached house of 72m², built sometime between 1996 and 2002. It was last sold for £276,000 in May 2023, which was around 33% below the average May 2023 detached price in the Redditch local authority area. The most recent EPC inspection was August 2020, where the current energy rating was D, and the potential energy rating was B.

1 LENCH CLOSE Sold Prices

Land registry data shows three sales for 1 LENCH 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 LENCH 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
2023 16 MAY	£276,000	£410,979	33% below HPI
2007 6 NOV	£160,000	£254,206	37% below HPI
2002 25 JAN	£116,995	£146,443	20% below HPI

1 LENCH 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 three 1 LENCH CLOSE sales between January 2002 and May 2023 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 November 2007 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the May 2023 sale, where it rises to 33% below the HPI. The line then continues to track at 33% below the HPI.

How Large is 1 LENCH CLOSE?

1 LENCH CLOSE is 72m² according to the EPC inspection conducted in August 2020. 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 LENCH CLOSE lies on this distribution: 7% of detached houses are smaller than 1 LENCH CLOSE, and 93% of houses are larger. Note that EPC data is not available for all properties in Redditch.

1 LENCH CLOSE: Plot and Title Map

1 LENCH CLOSE sits on a plot of roughly 0.052 of an acre, or 211m². The below map shows the location of 1 LENCH 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 LENCH 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 LENCH CLOSE?

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