CRESCENT VILLA, BROOK STREET, REDDITCH, B98 8NJ - £195,000

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

CRESCENT VILLA is a very small detached house of 85m², built sometime between 1900 and 1929. It was last sold for £195,000 in January 2023, which was around 53% below the average January 2023 detached price in the Redditch local authority area. The most recent EPC inspection was August 2019, where the current energy rating was D, and the potential energy rating was B.

CRESCENT VILLA Sold Prices

Land registry data shows four sales for CRESCENT VILLA 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 CRESCENT VILLA 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 13 JAN	£195,000	£412,060	53% below HPI
2005 6 MAY	£137,000	£230,845	41% below HPI
2002 19 APR	£86,000	£154,091	44% below HPI
1996 8 NOV	£42,500	£89,732	53% below HPI

CRESCENT VILLA 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 CRESCENT VILLA sales between November 1996 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 2005 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the January 2023 sale, where it falls to 53% below the HPI. The line then continues to track at 53% below the HPI.

How Large is CRESCENT VILLA?

CRESCENT VILLA is 85m² according to the EPC inspection conducted in August 2019. 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 CRESCENT VILLA lies on this distribution: 17% of detached houses are smaller than CRESCENT VILLA, and 82% of houses are larger. Note that EPC data is not available for all properties in Redditch.

CRESCENT VILLA: Plot and Title Map

CRESCENT VILLA sits on a plot of roughly 0.040 of an acre, or 163m². The below map shows the location of CRESCENT VILLA, 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 CRESCENT VILLA). 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 CRESCENT VILLA?

CRESCENT VILLA is located on BROOK STREET in REDDITCH, in the B98 postcode district. The below map shows the position of CRESCENT VILLA on BROOK STREET.