89, CRANHAM CLOSE, REDDITCH, B97 5AZ - £320,000

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

89 CRANHAM CLOSE is a very small extended detached house of 80m², built sometime between 1976 and 1982. It was last sold for £320,000 in January 2023, which was around 22% below the average January 2023 detached price in the Redditch local authority area. The most recent EPC inspection was January 2013, where the current energy rating was D, and the potential energy rating was B.

89 CRANHAM CLOSE Sold Prices

Land registry data shows two sales for 89 CRANHAM CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Redditch local authority area for the corresponding sale date. Both of the two 89 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 6 JAN	£320,000	£412,060	22% below HPI
2013 17 MAY	£200,000	£238,943	16% below HPI

89 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 two 89 CRANHAM CLOSE sales from May 2013 and January 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 May 2013 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the January 2023 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 89 CRANHAM CLOSE?

89 CRANHAM CLOSE is 80m², which includes one extension, according to the EPC inspection conducted in January 2013. 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 89 CRANHAM CLOSE lies on this distribution: 12% of detached houses are smaller than 89 CRANHAM CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Redditch.

89 CRANHAM CLOSE: Plot and Title Map

89 CRANHAM CLOSE sits on a plot of roughly 0.068 of an acre, or 274m². The below map shows the location of 89 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 89 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 89 CRANHAM CLOSE?

89 CRANHAM CLOSE is located in REDDITCH, in the B97 postcode district. The below map shows the position of No. 89 on CRANHAM CLOSE.