5, LENCH CLOSE, REDDITCH, B97 6TU - £159,000

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 LENCH CLOSE is a very small extended detached house of 72m², built sometime between 1996 and 2002. It was last sold for £159,000 in March 2004, which was around 26% below the average March 2004 detached price in the Redditch local authority area. The most recent EPC inspection was April 2015, where the current energy rating was C, and the potential energy rating was B.

5 LENCH CLOSE Sold Prices

Land registry data shows two sales for 5 LENCH 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 LENCH 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
2004 5 MAR	£159,000	£214,190	26% below HPI
2002 28 JUN	£119,995	£157,609	24% below HPI

5 LENCH 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 LENCH CLOSE sales from June 2002 and March 2004 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 2002 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the March 2004 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 5 LENCH CLOSE?

5 LENCH CLOSE is 72m², which includes one extension, according to the EPC inspection conducted in April 2015. 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 5 LENCH CLOSE lies on this distribution: 7% of detached houses are smaller than 5 LENCH CLOSE, and 93% of houses are larger. Note that EPC data is not available for all properties in Redditch.

5 LENCH CLOSE: Plot and Title Map

5 LENCH CLOSE sits on a plot of roughly 0.083 of an acre, or 334m². The below map shows the location of 5 LENCH 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 LENCH 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 LENCH CLOSE?

5 LENCH CLOSE is located in REDDITCH, in the B97 postcode district. The below map shows the position of No. 5 on LENCH CLOSE.