1, FARMCOTE CLOSE, REDDITCH, B97 5XX - £399,950

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.

1 FARMCOTE CLOSE is a large detached house of 121m², built sometime between 1983 and 1990, which could now be worth an estimated £491,452. It was last sold for £399,950 in March 2018, which was around 29% above the average March 2018 detached price in the Redditch local authority area. The most recent EPC inspection was September 2017, where the current energy rating was D, and the potential energy rating was C.

1 FARMCOTE CLOSE Sold Prices

Land registry data shows two sales for 1 FARMCOTE 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 1 FARMCOTE 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
2018 1 MAR	£399,950	£309,874	29% above HPI
2017 27 OCT	£340,000	£303,003	12% above HPI

1 FARMCOTE 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 1 FARMCOTE CLOSE sales from October 2017 and March 2018 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 October 2017 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the March 2018 sale, where it rises to 29% above the HPI. The line then continues to track at 29% above the HPI.

What might 1 FARMCOTE CLOSE be worth now?

1 FARMCOTE CLOSE might now be worth an estimated £491,452.

This is based on house price inflation of 22.9%, between March 2018 and February 2025, for 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 22.9% inflationary increase is applied to the most recent sale price for 1 FARMCOTE CLOSE of £399,950 on 1st March 2018. For the value to have increased from £399,950 to £491,452 over the seven years and one month to February 2025, the following assumptions must hold true:

• The value of 1 FARMCOTE CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The March 2018 sale price of £399,950 represented a fair market value for the property.
• The size, condition, and specification of 1 FARMCOTE CLOSE has not materially changed since March 2018.

How Large is 1 FARMCOTE CLOSE?

1 FARMCOTE CLOSE is 121m² according to the EPC inspection conducted in September 2017. This puts it in the largest 40% of detached houses houses in Redditch, based on EPC data. The below chart shows the distribution of detached houses houses by size in Redditch, and where 1 FARMCOTE CLOSE lies on this distribution: 63% of detached houses houses are smaller than 1 FARMCOTE CLOSE, and 36% of houses are larger. Note that EPC data is not available for all properties in Redditch.

1 FARMCOTE CLOSE: Plot and Title Map

1 FARMCOTE CLOSE sits on a plot of roughly 0.098 of an acre, or 398m². The below map shows the location of 1 FARMCOTE 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 1 FARMCOTE 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 1 FARMCOTE CLOSE?

1 FARMCOTE CLOSE is located in REDDITCH, in the B97 postcode district. The below map shows the position of No. 1 on FARMCOTE CLOSE.