54, CRANHAM CLOSE, REDDITCH, B97 5AZ - £453,000

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

54 CRANHAM CLOSE is a very large extended detached house of 143m², built sometime between 1967 and 1975. It was last sold for £453,000 in September 2022, which was around 10% above the average September 2022 detached price in the Redditch local authority area. The most recent EPC inspection was September 2021, where the current energy rating was D, and the potential energy rating was C.

54 CRANHAM CLOSE Sold Prices

Land registry data shows three sales for 54 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 54 CRANHAM 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
2022 2 SEP	£453,000	£413,661	10% above HPI
2014 18 MAR	£300,000	£248,757	21% above HPI
2011 17 NOV	£273,500	£232,659	18% above HPI

54 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 54 CRANHAM CLOSE sales between November 2011 and September 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 March 2014 sale was for 21% above the HPI. So the extrapolation line tracks at 21% above the HPI over time, until the September 2022 sale, where it falls to 10% above the HPI. The line then continues to track at 10% above the HPI.

How Large is 54 CRANHAM CLOSE?

54 CRANHAM CLOSE is 143m², which includes two extensions, according to the EPC inspection conducted in September 2021. 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 54 CRANHAM CLOSE lies on this distribution: 83% of detached houses are smaller than 54 CRANHAM CLOSE, and 16% of houses are larger. Note that EPC data is not available for all properties in Redditch.

54 CRANHAM CLOSE: Plot and Title Map

54 CRANHAM CLOSE sits on a plot of roughly 0.125 of an acre, or 506m². The below map shows the location of 54 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 54 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 54 CRANHAM CLOSE?

54 CRANHAM CLOSE is located in REDDITCH, in the B97 postcode district. The below map shows the position of No. 54 on CRANHAM CLOSE.