9, GRANBY CLOSE, REDDITCH, B98 0PJ - £218,000

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

9 GRANBY CLOSE is a very small detached house of 67m², built sometime between 1976 and 1982. It was last sold for £218,000 in March 2023, which was around 48% below the average March 2023 detached price in the Redditch local authority area. The most recent EPC inspection was January 2023, where the current energy rating was C, and the potential energy rating was B.

9 GRANBY CLOSE Sold Prices

Land registry data shows four sales for 9 GRANBY CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Redditch local authority area for the corresponding sale date. All of the four 9 GRANBY 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 31 MAR	£218,000	£419,073	48% below HPI
2009 26 JUN	£126,750	£214,161	41% below HPI
2004 25 JUN	£118,495	£212,823	44% below HPI
2001 14 FEB	£62,000	£131,128	53% below HPI

9 GRANBY 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 four 9 GRANBY CLOSE sales between February 2001 and March 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 June 2009 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the March 2023 sale, where it falls to 48% below the HPI. The line then continues to track at 48% below the HPI.

How Large is 9 GRANBY CLOSE?

9 GRANBY CLOSE is 67m² according to the EPC inspection conducted in January 2023. 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 9 GRANBY CLOSE lies on this distribution: 4% of detached houses are smaller than 9 GRANBY CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Redditch.

9 GRANBY CLOSE: Plot and Title Map

9 GRANBY CLOSE sits on a plot of roughly 0.047 of an acre, or 188m². The below map shows the location of 9 GRANBY 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 9 GRANBY 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 9 GRANBY CLOSE?

9 GRANBY CLOSE is located in REDDITCH, in the B98 postcode district. The below map shows the position of No. 9 on GRANBY CLOSE.