31, CRANHAM CLOSE, REDDITCH, B97 5AY - £225,000

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

31 CRANHAM CLOSE is a very small detached house of 32m², built sometime between 1976 and 1982. It was last sold for £225,000 in February 2015, which was around 14% below the average February 2015 detached price in the Redditch local authority area. The most recent EPC inspection was March 2014, where the current energy rating was D, and the potential energy rating was B.

31 CRANHAM CLOSE Sold Prices

Land registry data shows four sales for 31 CRANHAM CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Redditch local authority area for the corresponding sale date. All of the four 31 CRANHAM 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
2015 6 FEB	£225,000	£261,025	14% below HPI
2007 12 OCT	£199,500	£254,511	22% below HPI
2001 7 JUN	£109,950	£135,646	19% below HPI
1996 25 OCT	£72,500	£89,621	19% below HPI

31 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 four 31 CRANHAM CLOSE sales between October 1996 and February 2015 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 2007 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the February 2015 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is 31 CRANHAM CLOSE?

31 CRANHAM CLOSE is 32m² according to the EPC inspection conducted in March 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 31 CRANHAM CLOSE lies on this distribution: Less than 1% of detached houses are smaller than 31 CRANHAM CLOSE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Redditch.

31 CRANHAM CLOSE: Plot and Title Map

31 CRANHAM CLOSE sits on a plot of roughly 0.069 of an acre, or 281m². The below map shows the location of 31 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 31 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 31 CRANHAM CLOSE?

31 CRANHAM CLOSE is located in REDDITCH, in the B97 postcode district. The below map shows the position of No. 31 on CRANHAM CLOSE.