34, CRANHAM CLOSE, REDDITCH, B97 5AY - £320,000

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

34 CRANHAM CLOSE is a very small detached house of 59m², built sometime between 1976 and 1982. It was last sold for £320,000 in July 2022, which was around 21% below the average July 2022 detached price in the Redditch local authority area. The most recent EPC inspection was July 2021, where the current energy rating was C, and the potential energy rating was B.

34 CRANHAM CLOSE Sold Prices

Land registry data shows three sales for 34 CRANHAM 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 34 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
2022 20 JUL	£320,000	£403,846	21% below HPI
2011 27 SEP	£169,950	£231,448	27% below HPI
2009 14 AUG	£179,950	£220,342	18% below HPI

34 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 three 34 CRANHAM CLOSE sales between August 2009 and July 2022 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 September 2011 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the July 2022 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is 34 CRANHAM CLOSE?

34 CRANHAM CLOSE is 59m² according to the EPC inspection conducted in July 2021. 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 34 CRANHAM CLOSE lies on this distribution: 2% of detached houses are smaller than 34 CRANHAM CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Redditch.

34 CRANHAM CLOSE: Plot and Title Map

34 CRANHAM CLOSE sits on a plot of roughly 0.123 of an acre, or 496m². The below map shows the location of 34 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 34 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 34 CRANHAM CLOSE?

34 CRANHAM CLOSE is located in REDDITCH, in the B97 postcode district. The below map shows the position of No. 34 on CRANHAM CLOSE.