8, GISBURN CLOSE, REDDITCH, B97 6TH - £293,500

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

8 GISBURN CLOSE is a very small detached house of 70m², built sometime between 1996 and 2002. It was last sold for £293,500 in June 2021, which was around 19% below the average June 2021 detached price in the Redditch local authority area. The most recent EPC inspection was March 2012, where the current energy rating was C, and the potential energy rating was C.

8 GISBURN CLOSE Sold Prices

Land registry data shows five sales for 8 GISBURN CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Redditch local authority area for the corresponding sale date. All of the five 8 GISBURN 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 24 JUN	£293,500	£362,382	19% below HPI
2016 11 NOV	£245,000	£304,229	19% below HPI
2014 1 JUL	£190,000	£254,147	25% below HPI
2006 27 JAN	£157,000	£230,506	32% below HPI
1999 17 AUG	£83,950	£109,978	24% below HPI

8 GISBURN 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 five 8 GISBURN CLOSE sales between August 1999 and June 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 November 2016 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the June 2021 sale, which was also at 19% below the HPI.

How Large is 8 GISBURN CLOSE?

8 GISBURN CLOSE is 70m² according to the EPC inspection conducted in March 2012. 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 8 GISBURN CLOSE lies on this distribution: 6% of detached houses are smaller than 8 GISBURN CLOSE, and 94% of houses are larger. Note that EPC data is not available for all properties in Redditch.

8 GISBURN CLOSE: Plot and Title Map

8 GISBURN CLOSE sits on a plot of roughly 0.122 of an acre, or 495m². The below map shows the location of 8 GISBURN 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 GISBURN 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 GISBURN CLOSE?

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