88, OAKHAM CLOSE, REDDITCH, B98 7YQ - £285,000

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

88 OAKHAM CLOSE is a very small extended detached house of 84m², built sometime between 1983 and 1990. It was last sold for £285,000 in June 2020, which was around 18% below the average June 2020 detached price in the Redditch local authority area. The most recent EPC inspection was June 2017, where the current energy rating was D, and the potential energy rating was B.

88 OAKHAM CLOSE Sold Prices

Land registry data shows three sales for 88 OAKHAM 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 OAKHAM 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
2020 19 JUN	£285,000	£345,631	18% below HPI
2017 13 SEP	£235,000	£311,820	25% below HPI
2007 5 OCT	£205,000	£254,511	19% below HPI

88 OAKHAM 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 OAKHAM CLOSE sales between October 2007 and June 2020 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 2017 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the June 2020 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 88 OAKHAM CLOSE?

88 OAKHAM CLOSE is 84m², which includes two extensions, according to the EPC inspection conducted in June 2017. 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 OAKHAM CLOSE lies on this distribution: 16% of detached houses are smaller than 88 OAKHAM CLOSE, and 83% of houses are larger. Note that EPC data is not available for all properties in Redditch.

88 OAKHAM CLOSE: Plot and Title Map

88 OAKHAM CLOSE sits on a plot of roughly 0.083 of an acre, or 334m². The below map shows the location of 88 OAKHAM 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 OAKHAM 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 OAKHAM CLOSE?

88 OAKHAM CLOSE is located in REDDITCH, in the B98 postcode district. The below map shows the position of No. 88 on OAKHAM CLOSE.