5, ELGAR CLOSE, HEADLESS CROSS, REDDITCH, B97 5GJ - £435,000

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

5 ELGAR CLOSE is a very large detached house of 157m², built sometime between 1996 and 2002. It was last sold for £435,000 in July 2015, which was around 58% above the average July 2015 detached price in the Redditch local authority area. The most recent EPC inspection was February 2015, where the current energy rating was C, and the potential energy rating was B.

5 ELGAR CLOSE Sold Prices

Land registry data shows two sales for 5 ELGAR 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 5 ELGAR CLOSE sales were for above 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 17 JUL	£435,000	£274,958	58% above HPI
2002 16 DEC	£280,000	£188,701	48% above HPI

5 ELGAR 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 5 ELGAR CLOSE sales from December 2002 and July 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 December 2002 sale was for 48% above the HPI. So the extrapolation line tracks at 48% above the HPI over time, until the July 2015 sale, where it rises to 58% above the HPI. The line then continues to track at 58% above the HPI.

How Large is 5 ELGAR CLOSE?

5 ELGAR CLOSE is 157m² according to the EPC inspection conducted in February 2015. This puts it in the largest 20% of detached houses in Redditch, based on EPC data. The below chart shows the distribution of detached houses by size in Redditch, and where 5 ELGAR CLOSE lies on this distribution: 90% of detached houses are smaller than 5 ELGAR CLOSE, and 10% of houses are larger. Note that EPC data is not available for all properties in Redditch.

5 ELGAR CLOSE: Plot and Title Map

5 ELGAR CLOSE sits on a plot of roughly 0.193 of an acre, or 779m². The below map shows the location of 5 ELGAR 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 5 ELGAR 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 5 ELGAR CLOSE?

5 ELGAR CLOSE is located in HEADLESS CROSS, in the B97 postcode district. The below map shows the position of No. 5 on ELGAR CLOSE.