15, LECHLADE CLOSE, REDDITCH, B98 8RN - £365,000

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

15 LECHLADE CLOSE is a large extended detached house of 120m², built sometime between 1991 and 1995. It was last sold for £365,000 in June 2021, which was around 1% above the average June 2021 detached price in the Redditch local authority area. The most recent EPC inspection was November 2018, where the current energy rating was D, and the potential energy rating was C.

15 LECHLADE CLOSE Sold Prices

Land registry data shows two sales for 15 LECHLADE 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 15 LECHLADE CLOSE sales were for above 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 16 JUN	£365,000	£362,382	1% above HPI
2007 17 DEC	£277,000	£255,271	9% above HPI

15 LECHLADE 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 15 LECHLADE CLOSE sales from December 2007 and June 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 December 2007 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the June 2021 sale, where it falls to 1% above the HPI. The line then continues to track at 1% above the HPI.

How Large is 15 LECHLADE CLOSE?

15 LECHLADE CLOSE is 120m², which includes one extension, according to the EPC inspection conducted in November 2018. This puts it in the largest 40% of detached houses in Redditch, based on EPC data. The below chart shows the distribution of detached houses by size in Redditch, and where 15 LECHLADE CLOSE lies on this distribution: 61% of detached houses are smaller than 15 LECHLADE CLOSE, and 38% of houses are larger. Note that EPC data is not available for all properties in Redditch.

15 LECHLADE CLOSE: Plot and Title Map

15 LECHLADE CLOSE sits on a plot of roughly 0.141 of an acre, or 571m². The below map shows the location of 15 LECHLADE 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 15 LECHLADE 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 15 LECHLADE CLOSE?

15 LECHLADE CLOSE is located in REDDITCH, in the B98 postcode district. The below map shows the position of No. 15 on LECHLADE CLOSE.