2, CRANHAM CLOSE, REDDITCH, B97 5AY - £465,000

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

2 CRANHAM CLOSE is a large extended detached house of 129m², built sometime between 1976 and 1982. It was last sold for £465,000 in August 2022, which was around 14% above the average August 2022 detached price in the Redditch local authority area. The most recent EPC inspection was March 2022, where the current energy rating was C, and the potential energy rating was B.

2 CRANHAM CLOSE Sold Prices

Land registry data shows two sales for 2 CRANHAM 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 2 CRANHAM 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
2022 9 AUG	£465,000	£408,743	14% above HPI
2011 20 OCT	£249,950	£232,371	8% above HPI

2 CRANHAM 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 2 CRANHAM CLOSE sales from October 2011 and August 2022 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 2011 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the August 2022 sale, where it rises to 14% above the HPI. The line then continues to track at 14% above the HPI.

How Large is 2 CRANHAM CLOSE?

2 CRANHAM CLOSE is 129m², which includes three extensions, according to the EPC inspection conducted in March 2022. This puts it in the largest 30% of detached houses in Redditch, based on EPC data. The below chart shows the distribution of detached houses by size in Redditch, and where 2 CRANHAM CLOSE lies on this distribution: 71% of detached houses are smaller than 2 CRANHAM CLOSE, and 28% of houses are larger. Note that EPC data is not available for all properties in Redditch.

2 CRANHAM CLOSE: Plot and Title Map

2 CRANHAM CLOSE sits on a plot of roughly 0.119 of an acre, or 481m². The below map shows the location of 2 CRANHAM 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 2 CRANHAM 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 2 CRANHAM CLOSE?

2 CRANHAM CLOSE is located in REDDITCH, in the B97 postcode district. The below map shows the position of No. 2 on CRANHAM CLOSE.