18, PAINSWICK CLOSE, REDDITCH, B98 7XU - £300,000

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

18 PAINSWICK CLOSE is a very small extended detached house of 78m², built sometime between 1983 and 1990. It was last sold for £300,000 in July 2024, which was around 28% below the average July 2024 detached price in the Redditch local authority area. The most recent EPC inspection was January 2024, where the current energy rating was C, and the potential energy rating was B.

18 PAINSWICK CLOSE Sold Prices

Land registry data shows three sales for 18 PAINSWICK 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 18 PAINSWICK 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
2024 31 JUL	£300,000	£415,206	28% below HPI
2019 26 JUL	£243,000	£329,429	26% below HPI
2013 6 DEC	£167,000	£247,679	33% below HPI

18 PAINSWICK 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 18 PAINSWICK CLOSE sales between December 2013 and July 2024 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 July 2019 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the July 2024 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 18 PAINSWICK CLOSE?

18 PAINSWICK CLOSE is 78m², which includes one extension, according to the EPC inspection conducted in January 2024. 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 18 PAINSWICK CLOSE lies on this distribution: 11% of detached houses are smaller than 18 PAINSWICK CLOSE, and 89% of houses are larger. Note that EPC data is not available for all properties in Redditch.

18 PAINSWICK CLOSE: Plot and Title Map

18 PAINSWICK CLOSE sits on a plot of roughly 0.049 of an acre, or 197m². The below map shows the location of 18 PAINSWICK 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 18 PAINSWICK 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 18 PAINSWICK CLOSE?

18 PAINSWICK CLOSE is located in REDDITCH, in the B98 postcode district. The below map shows the position of No. 18 on PAINSWICK CLOSE.