8, DRAKES CLOSE, REDDITCH, B97 5NG - £352,500

8 DRAKES CLOSE is a midsized extended detached house of 106m², built sometime between 1991 and 1995. It was last sold for £352,500 in December 2021, which was around 8% below the average December 2021 detached price in the Redditch local authority area. The most recent EPC inspection was August 2021, where the current energy rating was C, and the potential energy rating was B.

8 DRAKES CLOSE Sold Prices

Land registry data shows three sales for 8 DRAKES 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 8 DRAKES 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
2021 3 DEC	£352,500	£384,265	8% below HPI
2013 12 DEC	£210,000	£247,679	15% below HPI
2007 30 MAR	£236,000	£245,544	4% below HPI

8 DRAKES 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 8 DRAKES CLOSE sales between March 2007 and December 2021 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 December 2013 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the December 2021 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

How Large is 8 DRAKES CLOSE?

8 DRAKES CLOSE is 106m², which includes one extension, according to the EPC inspection conducted in August 2021. This puts it in the smallest 50% of detached houses in Redditch, based on EPC data. The below chart shows the distribution of detached houses by size in Redditch, and where 8 DRAKES CLOSE lies on this distribution: 42% of detached houses are smaller than 8 DRAKES CLOSE, and 57% of houses are larger. Note that EPC data is not available for all properties in Redditch.

8 DRAKES CLOSE: Plot and Title Map

8 DRAKES CLOSE sits on a plot of roughly 0.074 of an acre, or 299m². The below map shows the location of 8 DRAKES 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 8 DRAKES 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 8 DRAKES CLOSE?

8 DRAKES CLOSE is located in REDDITCH, in the B97 postcode district. The below map shows the position of No. 8 on DRAKES CLOSE.