3, CORNWELL CLOSE, REDDITCH, B98 7TG - £260,000

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

3 CORNWELL CLOSE is a small detached house of 99m², built sometime between 1996 and 2002. It was last sold for £260,000 in October 2016, which was around 13% below the average October 2016 detached price in the Redditch local authority area. The most recent EPC inspection was June 2016, where the current energy rating was D, and the potential energy rating was B.

3 CORNWELL CLOSE Sold Prices

Land registry data shows two sales for 3 CORNWELL 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 3 CORNWELL 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 19 OCT	£260,000	£299,804	13% below HPI
2004 23 JAN	£185,000	£204,060	9% below HPI

3 CORNWELL 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 3 CORNWELL CLOSE sales from January 2004 and October 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 January 2004 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the October 2016 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is 3 CORNWELL CLOSE?

3 CORNWELL CLOSE is 99m² according to the EPC inspection conducted in June 2016. 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 3 CORNWELL CLOSE lies on this distribution: 33% of detached houses are smaller than 3 CORNWELL CLOSE, and 66% of houses are larger. Note that EPC data is not available for all properties in Redditch.

3 CORNWELL CLOSE: Plot and Title Map

3 CORNWELL CLOSE sits on a plot of roughly 0.077 of an acre, or 312m². The below map shows the location of 3 CORNWELL 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 3 CORNWELL 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 3 CORNWELL CLOSE?

3 CORNWELL CLOSE is located in REDDITCH, in the B98 postcode district. The below map shows the position of No. 3 on CORNWELL CLOSE.