9, PAINSWICK CLOSE, REDDITCH, B98 7XU - £220,000

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 PAINSWICK CLOSE is a very small detached house of 68m², built sometime between 1976 and 1982. It was last sold for £220,000 in December 2019, which was around 35% below the average December 2019 detached price in the Redditch local authority area. The most recent EPC inspection was June 2013, where the current energy rating was D, and the potential energy rating was B.

9 PAINSWICK CLOSE Sold Prices

Land registry data shows three sales for 9 PAINSWICK 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 9 PAINSWICK 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
2019 3 DEC	£220,000	£336,118	35% below HPI
2013 19 DEC	£173,950	£247,679	30% below HPI
2000 30 MAR	£87,000	£113,541	23% below HPI

9 PAINSWICK 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 9 PAINSWICK CLOSE sales between March 2000 and December 2019 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 December 2013 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the December 2019 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is 9 PAINSWICK CLOSE?

9 PAINSWICK CLOSE is 68m² according to the EPC inspection conducted in June 2013. 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 PAINSWICK CLOSE lies on this distribution: 4% of detached houses are smaller than 9 PAINSWICK CLOSE, and 95% of houses are larger. Note that EPC data is not available for all properties in Redditch.

9 PAINSWICK CLOSE: Plot and Title Map

9 PAINSWICK CLOSE sits on a plot of roughly 0.087 of an acre, or 354m². The below map shows the location of 9 PAINSWICK 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 PAINSWICK 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 PAINSWICK CLOSE?

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