15, OFFENHAM CLOSE, REDDITCH, B98 8RJ - £245,000

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 OFFENHAM CLOSE is a very small detached house of 52m², built sometime between 1976 and 1982. It was last sold for £245,000 in February 2018, which was around 24% below the average February 2018 detached price in the Redditch local authority area. The most recent EPC inspection was May 2013, where the current energy rating was D, and the potential energy rating was B.

15 OFFENHAM CLOSE Sold Prices

Land registry data shows three sales for 15 OFFENHAM 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 15 OFFENHAM 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
2018 23 FEB	£245,000	£320,861	24% below HPI
2017 20 DEC	£245,000	£316,858	23% below HPI
2013 11 JUL	£165,000	£236,010	30% below HPI

15 OFFENHAM 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 15 OFFENHAM CLOSE sales between July 2013 and February 2018 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 2017 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the February 2018 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 15 OFFENHAM CLOSE?

15 OFFENHAM CLOSE is 52m² according to the EPC inspection conducted in May 2013. 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 15 OFFENHAM CLOSE lies on this distribution: Less than 1% of detached houses are smaller than 15 OFFENHAM CLOSE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Redditch.

15 OFFENHAM CLOSE: Plot and Title Map

15 OFFENHAM CLOSE sits on a plot of roughly 0.078 of an acre, or 316m². The below map shows the location of 15 OFFENHAM 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 OFFENHAM 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 OFFENHAM CLOSE?

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