22, PETTON CLOSE, REDDITCH, B98 0PA - £247,000

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

22 PETTON CLOSE is a very small detached house of 80m², built sometime between 1976 and 1982. It was last sold for £247,000 in May 2019, which was around 25% below the average May 2019 detached price in the Redditch local authority area. The most recent EPC inspection was October 2014, where the current energy rating was D, and the potential energy rating was B.

22 PETTON CLOSE Sold Prices

Land registry data shows three sales for 22 PETTON 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 22 PETTON 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
2019 31 MAY	£247,000	£330,405	25% below HPI
2014 16 DEC	£195,000	£257,702	24% below HPI
2003 24 NOV	£139,000	£201,943	31% below HPI

22 PETTON 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 22 PETTON CLOSE sales between November 2003 and May 2019 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 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the May 2019 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 22 PETTON CLOSE?

22 PETTON CLOSE is 80m² according to the EPC inspection conducted in October 2014. 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 22 PETTON CLOSE lies on this distribution: 12% of detached houses are smaller than 22 PETTON CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Redditch.

22 PETTON CLOSE: Plot and Title Map

22 PETTON CLOSE sits on a plot of roughly 0.074 of an acre, or 299m². The below map shows the location of 22 PETTON 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 22 PETTON 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 22 PETTON CLOSE?

22 PETTON CLOSE is located in REDDITCH, in the B98 postcode district. The below map shows the position of No. 22 on PETTON CLOSE.