61, MERCOT CLOSE, REDDITCH, B98 7YY - £282,500

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

61 MERCOT CLOSE is a very large detached house of 141m², built sometime between 1983 and 1990. It was last sold for £282,500 in September 2019, which was around 16% below the average September 2019 detached price in the Redditch local authority area. The most recent EPC inspection was August 2019, where the current energy rating was C, and the potential energy rating was B.

61 MERCOT CLOSE Sold Prices

Land registry data shows three sales for 61 MERCOT 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. The three 61 MERCOT CLOSE sales were a mix of below the average price, and roughly equal to 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 13 SEP	£282,500	£337,425	16% below HPI
2006 27 MAR	£230,000	£229,093	Close to HPI
1998 22 MAY	£96,000	£99,866	4% below HPI

61 MERCOT 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 61 MERCOT CLOSE sales between May 1998 and September 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 March 2006 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the September 2019 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 61 MERCOT CLOSE?

61 MERCOT CLOSE is 141m² according to the EPC inspection conducted in August 2019. 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 61 MERCOT CLOSE lies on this distribution: 82% of detached houses are smaller than 61 MERCOT CLOSE, and 18% of houses are larger. Note that EPC data is not available for all properties in Redditch.

61 MERCOT CLOSE: Plot and Title Map

61 MERCOT CLOSE sits on a plot of roughly 0.114 of an acre, or 463m². The below map shows the location of 61 MERCOT 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 61 MERCOT 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 61 MERCOT CLOSE?

61 MERCOT CLOSE is located in REDDITCH, in the B98 postcode district. The below map shows the position of No. 61 on MERCOT CLOSE.