63, MERCOT CLOSE, REDDITCH, B98 7YY - £210,000

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

63 MERCOT CLOSE is a very small detached house of 56m², built sometime between 1976 and 1982. It was last sold for £210,000 in February 2016, which was around 26% below the average February 2016 detached price in the Redditch local authority area. The most recent EPC inspection was September 2015, where the current energy rating was D, and the potential energy rating was B.

63 MERCOT CLOSE Sold Prices

Land registry data shows two sales for 63 MERCOT 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 63 MERCOT 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
2016 4 FEB	£210,000	£284,358	26% below HPI
1995 7 APR	£65,000	£85,082	24% below HPI

63 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 two 63 MERCOT CLOSE sales from April 1995 and February 2016 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 April 1995 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the February 2016 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 63 MERCOT CLOSE?

63 MERCOT CLOSE is 56m² according to the EPC inspection conducted in September 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 63 MERCOT CLOSE lies on this distribution: 1% of detached houses are smaller than 63 MERCOT CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Redditch.

63 MERCOT CLOSE: Plot and Title Map

63 MERCOT CLOSE sits on a plot of roughly 0.092 of an acre, or 373m². The below map shows the location of 63 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 63 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 63 MERCOT CLOSE?

63 MERCOT CLOSE is located in REDDITCH, in the B98 postcode district. The below map shows the position of No. 63 on MERCOT CLOSE.