14, FERNWOOD CLOSE, REDDITCH, B98 7TN - £325,000

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

14 FERNWOOD CLOSE is a very small extended detached house of 79m², built sometime between 1996 and 2002. It was last sold for £325,000 in May 2020, which was around 5% below the average May 2020 detached price in the Redditch local authority area. The most recent EPC inspection was October 2019, where the current energy rating was D, and the potential energy rating was B.

14 FERNWOOD CLOSE Sold Prices

Land registry data shows four sales for 14 FERNWOOD 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. All of the four 14 FERNWOOD 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
2020 28 MAY	£325,000	£342,830	5% below HPI
2006 30 OCT	£237,000	£245,677	4% below HPI
2004 21 SEP	£218,000	£224,688	3% below HPI
1997 7 AUG	£78,950	£96,098	18% below HPI

14 FERNWOOD 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 14 FERNWOOD CLOSE sales between August 1997 and May 2020 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 2006 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the May 2020 sale, where it falls to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is 14 FERNWOOD CLOSE?

14 FERNWOOD CLOSE is 79m², which includes one extension, according to the EPC inspection conducted in October 2019. This puts it in the smallest 20% of detached houses in Redditch, based on EPC data. The below chart shows the distribution of detached houses by size in Redditch, and where 14 FERNWOOD CLOSE lies on this distribution: 11% of detached houses are smaller than 14 FERNWOOD CLOSE, and 88% of houses are larger. Note that EPC data is not available for all properties in Redditch.

14 FERNWOOD CLOSE: Plot and Title Map

14 FERNWOOD CLOSE sits on a plot of roughly 0.089 of an acre, or 359m². The below map shows the location of 14 FERNWOOD 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 14 FERNWOOD 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 14 FERNWOOD CLOSE?

14 FERNWOOD CLOSE is located in REDDITCH, in the B98 postcode district. The below map shows the position of No. 14 on FERNWOOD CLOSE.