88, CRANHAM CLOSE, REDDITCH, B97 5AZ - £330,000

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

88 CRANHAM CLOSE is a very small extended detached house of 80m², built sometime between 1976 and 1982. It was last sold for £330,000 in October 2023, which was around 20% below the average October 2023 detached price in the Redditch local authority area. The most recent EPC inspection was August 2020, where the current energy rating was D, and the potential energy rating was B.

88 CRANHAM CLOSE Sold Prices

Land registry data shows three sales for 88 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 88 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
2023 19 OCT	£330,000	£410,615	20% below HPI
2020 22 SEP	£285,000	£348,001	18% below HPI
1995 6 OCT	£71,000	£88,354	20% below HPI

88 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 88 CRANHAM CLOSE sales between October 1995 and October 2023 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 September 2020 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the October 2023 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is 88 CRANHAM CLOSE?

88 CRANHAM CLOSE is 80m², which includes one extension, according to the EPC inspection conducted in August 2020. This puts it in the smallest 20% of detached houses in Redditch, based on EPC data. The below chart shows the distribution of detached houses by size in Redditch, and where 88 CRANHAM CLOSE lies on this distribution: 12% of detached houses are smaller than 88 CRANHAM CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Redditch.

88 CRANHAM CLOSE: Plot and Title Map

88 CRANHAM CLOSE sits on a plot of roughly 0.070 of an acre, or 282m². The below map shows the location of 88 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 88 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 88 CRANHAM CLOSE?

88 CRANHAM CLOSE is located in REDDITCH, in the B97 postcode district. The below map shows the position of No. 88 on CRANHAM CLOSE.