55, LECHLADE CLOSE, REDDITCH, B98 8RN - £225,000

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

55 LECHLADE CLOSE is a large detached house of 123m², built sometime between 1983 and 1990. It was last sold for £225,000 in August 2010, which was around 3% below the average August 2010 detached price in the Redditch local authority area. The most recent EPC inspection was March 2010, where the current energy rating was D, and the potential energy rating was C.

55 LECHLADE CLOSE Sold Prices

Land registry data shows two sales for 55 LECHLADE 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 55 LECHLADE 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
2010 20 AUG	£225,000	£232,417	3% below HPI
2007 20 NOV	£230,000	£254,206	10% below HPI

55 LECHLADE 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 55 LECHLADE CLOSE sales from November 2007 and August 2010 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 November 2007 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the August 2010 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

How Large is 55 LECHLADE CLOSE?

55 LECHLADE CLOSE is 123m² according to the EPC inspection conducted in March 2010. This puts it in the largest 40% of detached houses in Redditch, based on EPC data. The below chart shows the distribution of detached houses by size in Redditch, and where 55 LECHLADE CLOSE lies on this distribution: 66% of detached houses are smaller than 55 LECHLADE CLOSE, and 34% of houses are larger. Note that EPC data is not available for all properties in Redditch.

55 LECHLADE CLOSE: Plot and Title Map

55 LECHLADE CLOSE sits on a plot of roughly 0.091 of an acre, or 368m². The below map shows the location of 55 LECHLADE 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 55 LECHLADE 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 55 LECHLADE CLOSE?

55 LECHLADE CLOSE is located in REDDITCH, in the B98 postcode district. The below map shows the position of No. 55 on LECHLADE CLOSE.