31, MARCHWOOD CLOSE, REDDITCH, B97 6TX - £119,000

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

31 MARCHWOOD CLOSE is a very small detached house of 54m², built sometime between 1996 and 2002. It was last sold for £119,000 in July 2003, which was around 40% below the average July 2003 detached price in the Redditch local authority area. The most recent EPC inspection was May 2019, where the current energy rating was D, and the potential energy rating was B.

31 MARCHWOOD CLOSE Sold Prices

Land registry data shows two sales for 31 MARCHWOOD 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 31 MARCHWOOD 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
2003 16 JUL	£119,000	£199,262	40% below HPI
2000 31 MAY	£76,950	£120,173	36% below HPI

31 MARCHWOOD 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 31 MARCHWOOD CLOSE sales from May 2000 and July 2003 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 May 2000 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the July 2003 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

How Large is 31 MARCHWOOD CLOSE?

31 MARCHWOOD CLOSE is 54m² according to the EPC inspection conducted in May 2019. 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 MARCHWOOD CLOSE lies on this distribution: 1% of detached houses are smaller than 31 MARCHWOOD CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Redditch.

31 MARCHWOOD CLOSE: Plot and Title Map

31 MARCHWOOD CLOSE sits on a plot of roughly 0.047 of an acre, or 192m². The below map shows the location of 31 MARCHWOOD 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 MARCHWOOD 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 MARCHWOOD CLOSE?

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