16, GRAFTON CLOSE, REDDITCH, B98 7TR - £165,000

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

16 GRAFTON CLOSE is a small extended detached house of 103m², built sometime between 1967 and 1975. It was last sold for £165,000 in April 2016, which was around 42% below the average April 2016 detached price in the Redditch local authority area. The most recent EPC inspection was June 2012, where the current energy rating was F, and the potential energy rating was D.

16 GRAFTON CLOSE Sold Prices

Land registry data shows three sales for 16 GRAFTON 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 16 GRAFTON 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
2016 15 APR	£165,000	£284,761	42% below HPI
2006 29 SEP	£170,000	£243,260	30% below HPI
2000 28 JAN	£84,500	£115,204	27% below HPI

16 GRAFTON 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 16 GRAFTON CLOSE sales between January 2000 and April 2016 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 September 2006 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the April 2016 sale, where it falls to 42% below the HPI. The line then continues to track at 42% below the HPI.

How Large is 16 GRAFTON CLOSE?

16 GRAFTON CLOSE is 103m², which includes one extension, according to the EPC inspection conducted in June 2012. This puts it in the smallest 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 16 GRAFTON CLOSE lies on this distribution: 39% of detached houses are smaller than 16 GRAFTON CLOSE, and 60% of houses are larger. Note that EPC data is not available for all properties in Redditch.

16 GRAFTON CLOSE: Plot and Title Map

16 GRAFTON CLOSE sits on a plot of roughly 0.071 of an acre, or 288m². The below map shows the location of 16 GRAFTON 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 16 GRAFTON 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 16 GRAFTON CLOSE?

16 GRAFTON CLOSE is located in REDDITCH, in the B98 postcode district. The below map shows the position of No. 16 on GRAFTON CLOSE.