38, PAINSWICK CLOSE, REDDITCH, B98 7XU - £248,500

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

38 PAINSWICK CLOSE is a very small detached house of 74m², built sometime between 1976 and 1982. It was last sold for £248,500 in November 2019, which was around 27% below the average November 2019 detached price in the Redditch local authority area. The most recent EPC inspection was February 2024, where the current energy rating was C, and the potential energy rating was B.

38 PAINSWICK CLOSE Sold Prices

Land registry data shows two sales for 38 PAINSWICK 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 38 PAINSWICK 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
2019 29 NOV	£248,500	£338,655	27% below HPI
2010 10 MAY	£150,000	£232,802	36% below HPI

38 PAINSWICK 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 38 PAINSWICK CLOSE sales from May 2010 and November 2019 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 2010 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the November 2019 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 38 PAINSWICK CLOSE?

38 PAINSWICK CLOSE is 74m² according to the EPC inspection conducted in February 2024. 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 38 PAINSWICK CLOSE lies on this distribution: 8% of detached houses are smaller than 38 PAINSWICK CLOSE, and 91% of houses are larger. Note that EPC data is not available for all properties in Redditch.

38 PAINSWICK CLOSE: Plot and Title Map

38 PAINSWICK CLOSE sits on a plot of roughly 0.063 of an acre, or 254m². The below map shows the location of 38 PAINSWICK 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 38 PAINSWICK 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 38 PAINSWICK CLOSE?

38 PAINSWICK CLOSE is located in REDDITCH, in the B98 postcode district. The below map shows the position of No. 38 on PAINSWICK CLOSE.