12, RADWAY CLOSE, REDDITCH, B98 8RZ - £275,000

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

12 RADWAY CLOSE is a small detached house of 88m², built sometime between 1991 and 1995. It was last sold for £275,000 in October 2019, which was around 19% below the average October 2019 detached price in the Redditch local authority area. The most recent EPC inspection was January 2010, where the current energy rating was D, and the potential energy rating was C.

12 RADWAY CLOSE Sold Prices

Land registry data shows three sales for 12 RADWAY 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 12 RADWAY 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
2019 11 OCT	£275,000	£339,325	19% below HPI
2010 27 APR	£205,000	£233,332	12% below HPI
1996 10 APR	£74,000	£89,297	17% below HPI

12 RADWAY 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 12 RADWAY CLOSE sales between April 1996 and October 2019 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 April 2010 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the October 2019 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 12 RADWAY CLOSE?

12 RADWAY CLOSE is 88m² according to the EPC inspection conducted in January 2010. This puts it in the smallest 30% of detached houses in Redditch, based on EPC data. The below chart shows the distribution of detached houses by size in Redditch, and where 12 RADWAY CLOSE lies on this distribution: 21% of detached houses are smaller than 12 RADWAY CLOSE, and 79% of houses are larger. Note that EPC data is not available for all properties in Redditch.

12 RADWAY CLOSE: Plot and Title Map

12 RADWAY CLOSE sits on a plot of roughly 0.071 of an acre, or 288m². The below map shows the location of 12 RADWAY 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 12 RADWAY 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 12 RADWAY CLOSE?

12 RADWAY CLOSE is located in REDDITCH, in the B98 postcode district. The below map shows the position of No. 12 on RADWAY CLOSE.