87, CRANHAM CLOSE, REDDITCH, B97 5AZ - £300,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

87 CRANHAM CLOSE is a very small detached house of 71m², built sometime between 1976 and 1982. It was last sold for £300,000 in September 2022, which was around 27% below the average September 2022 detached price in the Redditch local authority area. The most recent EPC inspection was December 2016, where the current energy rating was C, and the potential energy rating was B.

87 CRANHAM CLOSE Sold Prices

Land registry data shows three sales for 87 CRANHAM 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 87 CRANHAM 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
2022 30 SEP	£300,000	£413,661	27% below HPI
2017 16 MAR	£247,000	£307,507	20% below HPI
1999 2 JUL	£83,950	£108,336	23% below HPI

87 CRANHAM 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 87 CRANHAM CLOSE sales between July 1999 and September 2022 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 2017 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the September 2022 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 87 CRANHAM CLOSE?

87 CRANHAM CLOSE is 71m² according to the EPC inspection conducted in December 2016. 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 87 CRANHAM CLOSE lies on this distribution: 6% of detached houses are smaller than 87 CRANHAM CLOSE, and 93% of houses are larger. Note that EPC data is not available for all properties in Redditch.

87 CRANHAM CLOSE: Plot and Title Map

87 CRANHAM CLOSE sits on a plot of roughly 0.072 of an acre, or 293m². The below map shows the location of 87 CRANHAM 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 87 CRANHAM 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 87 CRANHAM CLOSE?

87 CRANHAM CLOSE is located in REDDITCH, in the B97 postcode district. The below map shows the position of No. 87 on CRANHAM CLOSE.