2, GANBOROUGH CLOSE, REDDITCH, B98 0AA - £195,500

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 GANBOROUGH CLOSE is a very small detached house of 76m², built sometime between 1976 and 1982. It was last sold for £195,500 in February 2021, which was around 45% below the average February 2021 detached price in the Redditch local authority area. The most recent EPC inspection was September 2014, where the current energy rating was D, and the potential energy rating was B.

2 GANBOROUGH CLOSE Sold Prices

Land registry data shows two sales for 2 GANBOROUGH 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 GANBOROUGH 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
2021 22 FEB	£195,500	£353,958	45% below HPI
2014 5 DEC	£160,500	£257,702	38% below HPI

2 GANBOROUGH 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 GANBOROUGH CLOSE sales from December 2014 and February 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 2014 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the February 2021 sale, where it falls to 45% below the HPI. The line then continues to track at 45% below the HPI.

How Large is 2 GANBOROUGH CLOSE?

2 GANBOROUGH CLOSE is 76m² according to the EPC inspection conducted in September 2014. 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 2 GANBOROUGH CLOSE lies on this distribution: 9% of detached houses are smaller than 2 GANBOROUGH CLOSE, and 90% of houses are larger. Note that EPC data is not available for all properties in Redditch.

2 GANBOROUGH CLOSE: Plot and Title Map

2 GANBOROUGH CLOSE sits on a plot of roughly 0.051 of an acre, or 206m². The below map shows the location of 2 GANBOROUGH 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 GANBOROUGH 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 GANBOROUGH CLOSE?

2 GANBOROUGH CLOSE is located in REDDITCH, in the B98 postcode district. The below map shows the position of No. 2 on GANBOROUGH CLOSE.