89, MERCOT CLOSE, REDDITCH, B98 7YY - £309,950

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

89 MERCOT CLOSE is a midsized detached house of 115m², built sometime between 1983 and 1990. It was last sold for £309,950 in January 2020, which was around 7% below the average January 2020 detached price in the Redditch local authority area. The most recent EPC inspection was February 2014, where the current energy rating was D, and the potential energy rating was B.

89 MERCOT CLOSE Sold Prices

Land registry data shows two sales for 89 MERCOT 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 MERCOT 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 10 JAN	£309,950	£333,819	7% below HPI
2014 26 SEP	£222,000	£256,460	13% below HPI

89 MERCOT 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 MERCOT CLOSE sales from September 2014 and January 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 2014 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the January 2020 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is 89 MERCOT CLOSE?

89 MERCOT CLOSE is 115m² according to the EPC inspection conducted in February 2014. This puts it in the largest 50% 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 MERCOT CLOSE lies on this distribution: 55% of detached houses are smaller than 89 MERCOT CLOSE, and 44% of houses are larger. Note that EPC data is not available for all properties in Redditch.

89 MERCOT CLOSE: Plot and Title Map

89 MERCOT CLOSE sits on a plot of roughly 0.122 of an acre, or 496m². The below map shows the location of 89 MERCOT 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 MERCOT 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 MERCOT CLOSE?

89 MERCOT CLOSE is located in REDDITCH, in the B98 postcode district. The below map shows the position of No. 89 on MERCOT CLOSE.