8, MARCHWOOD CLOSE, REDDITCH, B97 6TX - £200,000

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

8 MARCHWOOD CLOSE is a very small semi-detached house of 55m², built sometime between 1996 and 2002. It was last sold for £200,000 in August 2021, which was around 46% below the average August 2021 detached price in the Redditch local authority area. The most recent EPC inspection was January 2015, where the current energy rating was D, and the potential energy rating was B.

8 MARCHWOOD CLOSE Sold Prices

Land registry data shows five sales for 8 MARCHWOOD 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 MARCHWOOD 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 6 AUG	£200,000	£367,183	46% below HPI
2019 16 JUL	£190,000	£329,429	42% below HPI
2015 8 MAY	£158,000	£267,710	41% below HPI
2007 25 MAY	£149,000	£247,288	40% below HPI
2000 31 MAR	£74,995	£113,541	34% below HPI

8 MARCHWOOD 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 MARCHWOOD CLOSE sales between March 2000 and August 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 July 2019 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the August 2021 sale, where it falls to 46% below the HPI. The line then continues to track at 46% below the HPI.

How Large is 8 MARCHWOOD CLOSE?

8 MARCHWOOD CLOSE is 55m² according to the EPC inspection conducted in January 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 8 MARCHWOOD CLOSE lies on this distribution: 1% of detached houses are smaller than 8 MARCHWOOD CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Redditch.

8 MARCHWOOD CLOSE: Plot and Title Map

8 MARCHWOOD CLOSE sits on a plot of roughly 0.040 of an acre, or 162m². The below map shows the location of 8 MARCHWOOD 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 MARCHWOOD 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 MARCHWOOD CLOSE?

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