96, MERCOT CLOSE, REDDITCH, B98 7YY - £248,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

96 MERCOT CLOSE is a small extended semi-detached house of 93m², built sometime between 1983 and 1990, which could now be worth an estimated £291,638. It was last sold for £248,000 in November 2020, which was around 19% above the average November 2020 semi-detached price in the Redditch local authority area. The most recent EPC inspection was August 2014, where the current energy rating was D, and the potential energy rating was B.

96 MERCOT CLOSE Sold Prices

Land registry data shows three sales for 96 MERCOT CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Redditch local authority area for the corresponding sale date. All of the three 96 MERCOT CLOSE sales were for above 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 20 NOV	£248,000	£207,660	19% above HPI
2015 16 JAN	£200,000	£152,053	32% above HPI
1999 28 APR	£82,000	£59,198	39% above HPI

96 MERCOT CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Redditch local authority area over time, sourced from the HPI. The three 96 MERCOT CLOSE sales between April 1999 and November 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 January 2015 sale was for 32% above the HPI. So the extrapolation line tracks at 32% above the HPI over time, until the November 2020 sale, where it falls to 19% above the HPI. The line then continues to track at 19% above the HPI.

What might 96 MERCOT CLOSE be worth now?

96 MERCOT CLOSE might now be worth an estimated £291,638.

This is based on house price inflation of 17.6%, between November 2020 and February 2025, for semi-detached houses, in the Redditch local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 17.6% inflationary increase is applied to the most recent sale price for 96 MERCOT CLOSE of £248,000 on 20th November 2020. For the value to have increased from £248,000 to £291,638 over the five years and nine months to February 2025, the following assumptions must hold true:

• The value of 96 MERCOT CLOSE has moved in line with the HPI for semi-detached houses in the Redditch local authority area.
• The November 2020 sale price of £248,000 represented a fair market value for the property.
• The size, condition, and specification of 96 MERCOT CLOSE has not materially changed since November 2020.

How Large is 96 MERCOT CLOSE?

96 MERCOT CLOSE is 93m², which includes two extensions, according to the EPC inspection conducted in August 2014. This puts it in the smallest 30% of semi-detached houses houses in Redditch, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Redditch, and where 96 MERCOT CLOSE lies on this distribution: 27% of semi-detached houses houses are smaller than 96 MERCOT CLOSE, and 72% of houses are larger. Note that EPC data is not available for all properties in Redditch.

96 MERCOT CLOSE: Plot and Title Map

96 MERCOT CLOSE sits on a plot of roughly 0.064 of an acre, or 261m². The below map shows the location of 96 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 96 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 96 MERCOT CLOSE?

96 MERCOT CLOSE is located in REDDITCH, in the B98 postcode district. The below map shows the position of No. 96 on MERCOT CLOSE.