2, FARMCOTE CLOSE, REDDITCH, B97 5XX - £375,000

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.

2 FARMCOTE CLOSE is a large extended detached house of 128m², built sometime between 1983 and 1990, which could now be worth an estimated £428,878. It was last sold for £375,000 in June 2020, which was around 13% above the average June 2020 detached price in the Redditch local authority area. The most recent EPC inspection was September 2019, where the current energy rating was C, and the potential energy rating was C.

2 FARMCOTE CLOSE Sold Prices

Land registry data shows two sales for 2 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 2 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
2020 19 JUN	£375,000	£332,934	13% above HPI
2010 22 JUN	£260,000	£223,776	16% above HPI

2 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 2 FARMCOTE CLOSE sales from June 2010 and June 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 June 2010 sale was for 16% above the HPI. So the extrapolation line tracks at 16% above the HPI over time, until the June 2020 sale, where it falls to 13% above the HPI. The line then continues to track at 13% above the HPI.

What might 2 FARMCOTE CLOSE be worth now?

2 FARMCOTE CLOSE might now be worth an estimated £428,878.

This is based on house price inflation of 14.4%, between June 2020 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 14.4% inflationary increase is applied to the most recent sale price for 2 FARMCOTE CLOSE of £375,000 on 19th June 2020. For the value to have increased from £375,000 to £428,878 over the five years and four months to February 2025, the following assumptions must hold true:

• The value of 2 FARMCOTE CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The June 2020 sale price of £375,000 represented a fair market value for the property.
• The size, condition, and specification of 2 FARMCOTE CLOSE has not materially changed since June 2020.

How Large is 2 FARMCOTE CLOSE?

2 FARMCOTE CLOSE is 128m², which includes one extension, according to the EPC inspection conducted in September 2019. This puts it in the largest 30% 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 2 FARMCOTE CLOSE lies on this distribution: 70% of detached houses houses are smaller than 2 FARMCOTE CLOSE, and 29% of houses are larger. Note that EPC data is not available for all properties in Redditch.

2 FARMCOTE CLOSE: Plot and Title Map

2 FARMCOTE CLOSE sits on a plot of roughly 0.104 of an acre, or 420m². The below map shows the location of 2 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 2 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 2 FARMCOTE CLOSE?

2 FARMCOTE CLOSE is located in REDDITCH, in the B97 postcode district. The below map shows the position of No. 2 on FARMCOTE CLOSE.