11, PARKLANDS CLOSE, REDDITCH, B97 6PZ - £312,000

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.

11 PARKLANDS CLOSE is a small extended detached house of 102m², built sometime between 1996 and 2002, which could now be worth an estimated £344,365. It was last sold for £312,000 in January 2021, which was around 10% below the average January 2021 detached price in the Redditch local authority area. The most recent EPC inspection was August 2020, where the current energy rating was D, and the potential energy rating was B.

11 PARKLANDS CLOSE Sold Prices

Land registry data shows two sales for 11 PARKLANDS 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. One of the two 11 PARKLANDS CLOSE sales was for below the average price, whilst the other was 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
2021 22 JAN	£312,000	£344,982	10% below HPI
2003 31 JAN	£204,995	£176,945	16% above HPI

11 PARKLANDS 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 11 PARKLANDS CLOSE sales from January 2003 and January 2021 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 2003 sale was for 16% above the HPI. So the extrapolation line tracks at 16% above the HPI over time, until the January 2021 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might 11 PARKLANDS CLOSE be worth now?

11 PARKLANDS CLOSE might now be worth an estimated £344,365.

This is based on house price inflation of 10.4%, between January 2021 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 10.4% inflationary increase is applied to the most recent sale price for 11 PARKLANDS CLOSE of £312,000 on 22nd January 2021. For the value to have increased from £312,000 to £344,365 over the three years and eleven months to February 2025, the following assumptions must hold true:

• The value of 11 PARKLANDS CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The January 2021 sale price of £312,000 represented a fair market value for the property.
• The size, condition, and specification of 11 PARKLANDS CLOSE has not materially changed since January 2021.

How Large is 11 PARKLANDS CLOSE?

11 PARKLANDS CLOSE is 102m², which includes one extension, according to the EPC inspection conducted in August 2020. This puts it in the smallest 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 11 PARKLANDS CLOSE lies on this distribution: 38% of detached houses houses are smaller than 11 PARKLANDS CLOSE, and 61% of houses are larger. Note that EPC data is not available for all properties in Redditch.

11 PARKLANDS CLOSE: Plot and Title Map

11 PARKLANDS CLOSE sits on a plot of roughly 0.092 of an acre, or 373m². The below map shows the location of 11 PARKLANDS 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 11 PARKLANDS 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 11 PARKLANDS CLOSE?

11 PARKLANDS CLOSE is located in REDDITCH, in the B97 postcode district. The below map shows the position of No. 11 on PARKLANDS CLOSE.