124, MERCOT CLOSE, REDDITCH, B98 7YY - £235,000

124 MERCOT CLOSE is a very small extended detached house of 65m², built sometime between 1983 and 1990. It was last sold for £235,000 in April 2019, which was around 30% below the average April 2019 detached price in the Redditch local authority area. The most recent EPC inspection was September 2016, where the current energy rating was D, and the potential energy rating was B.

124 MERCOT CLOSE Sold Prices

Land registry data shows two sales for 124 MERCOT CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Redditch local authority area for the corresponding sale date. Both of the two 124 MERCOT 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 18 APR	£235,000	£335,019	30% below HPI
1999 15 OCT	£99,950	£114,115	12% below HPI

124 MERCOT 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 two 124 MERCOT CLOSE sales from October 1999 and April 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 October 1999 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the April 2019 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 124 MERCOT CLOSE?

124 MERCOT CLOSE is 65m², which includes one extension, according to the EPC inspection conducted in September 2016. 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 124 MERCOT CLOSE lies on this distribution: 3% of detached houses are smaller than 124 MERCOT CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Redditch.

124 MERCOT CLOSE: Plot and Title Map

124 MERCOT CLOSE sits on a plot of roughly 0.099 of an acre, or 402m². The below map shows the location of 124 MERCOT 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 124 MERCOT 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 124 MERCOT CLOSE?

124 MERCOT CLOSE is located in REDDITCH, in the B98 postcode district. The below map shows the position of No. 124 on MERCOT CLOSE.