22, PARKLANDS CLOSE, REDDITCH, B97 6PZ - £500,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

22 PARKLANDS CLOSE is a very large extended detached house of 164m², built sometime between 1996 and 2002, which could now be worth an estimated £497,785. It was last sold for £500,000 in May 2024, which was around 29% above the average May 2024 detached price in the Redditch local authority area. The most recent EPC inspection was November 2023, where the current energy rating was C, and the potential energy rating was B.

22 PARKLANDS CLOSE Sold Prices

Land registry data shows three sales for 22 PARKLANDS CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Redditch local authority area for the corresponding sale date. All of the three 22 PARKLANDS 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
2024 31 MAY	£500,000	£388,532	29% above HPI
2006 12 OCT	£265,000	£236,651	12% above HPI
2002 12 DEC	£270,995	£181,769	49% above HPI

22 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 three 22 PARKLANDS CLOSE sales between December 2002 and May 2024 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 2006 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the May 2024 sale, where it rises to 29% above the HPI. The line then continues to track at 29% above the HPI.

What might 22 PARKLANDS CLOSE be worth now?

22 PARKLANDS CLOSE might now be worth an estimated £497,785.

This is based on house price deflation of 0.4%, between May 2024 and December 2024, 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 0.4% deflationary decrease is applied to the most recent sale price for 22 PARKLANDS CLOSE of £500,000 on 31st May 2024. For the value to have decreased from £500,000 to £497,785 over the five months to December 2024, the following assumptions must hold true:

• The value of 22 PARKLANDS CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The May 2024 sale price of £500,000 represented a fair market value for the property.
• The size, condition, and specification of 22 PARKLANDS CLOSE has not materially changed since May 2024.

How Large is 22 PARKLANDS CLOSE?

22 PARKLANDS CLOSE is 164m², which includes one extension, according to the EPC inspection conducted in November 2023. This puts it in the largest 10% 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 22 PARKLANDS CLOSE lies on this distribution: 91% of detached houses houses are smaller than 22 PARKLANDS CLOSE, and 8% of houses are larger. Note that EPC data is not available for all properties in Redditch.

22 PARKLANDS CLOSE: Plot and Title Map

22 PARKLANDS CLOSE sits on a plot of roughly 0.116 of an acre, or 470m². The below map shows the location of 22 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 22 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 22 PARKLANDS CLOSE?

22 PARKLANDS CLOSE is located in REDDITCH, in the B97 postcode district. The below map shows the position of No. 22 on PARKLANDS CLOSE.