31, MERCOT CLOSE, REDDITCH, B98 7YX - £280,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

31 MERCOT CLOSE is a very small semi-detached house of 74m², built sometime between 1991 and 1995. It was last sold for £280,000 in June 2024, which was around 32% below the average June 2024 detached price in the Redditch local authority area. The most recent EPC inspection was April 2019, where the current energy rating was C, and the potential energy rating was B.

31 MERCOT CLOSE Sold Prices

Land registry data shows five sales for 31 MERCOT CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Redditch local authority area for the corresponding sale date. All of the five 31 MERCOT 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
2024 7 JUN	£280,000	£411,970	32% below HPI
2019 28 JUN	£225,000	£330,539	32% below HPI
2018 7 NOV	£4,450	£338,956	99% below HPI
2007 19 OCT	£180,500	£254,511	29% below HPI
2000 25 AUG	£81,500	£126,173	35% below HPI

31 MERCOT 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 five 31 MERCOT CLOSE sales between August 2000 and June 2024 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 June 2019 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the June 2024 sale, which was also at 32% below the HPI.

How Large is 31 MERCOT CLOSE?

31 MERCOT CLOSE is 74m² according to the EPC inspection conducted in April 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 MERCOT CLOSE lies on this distribution: 8% of detached houses are smaller than 31 MERCOT CLOSE, and 91% of houses are larger. Note that EPC data is not available for all properties in Redditch.

31 MERCOT CLOSE: Plot and Title Map

31 MERCOT CLOSE sits on a plot of roughly 0.070 of an acre, or 285m². The below map shows the location of 31 MERCOT 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 MERCOT 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 MERCOT CLOSE?

31 MERCOT CLOSE is located in REDDITCH, in the B98 postcode district. The below map shows the position of No. 31 on MERCOT CLOSE.