4, PARKLANDS CLOSE, REDDITCH, B97 6PZ - £228,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

4 PARKLANDS CLOSE is a large detached house of 128m², built sometime between 1996 and 2002. It was last sold for £228,000 in October 2011, which was around 2% below the average October 2011 detached price in the Redditch local authority area. The most recent EPC inspection was March 2011, where the current energy rating was D, and the potential energy rating was C.

4 PARKLANDS CLOSE Sold Prices

Land registry data shows two sales for 4 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 4 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
2011 6 OCT	£228,000	£232,371	2% below HPI
2002 28 JUN	£186,995	£157,609	19% above HPI

4 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 4 PARKLANDS CLOSE sales from June 2002 and October 2011 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 2002 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the October 2011 sale, where it falls to 2% below the HPI. The line then continues to track at 2% below the HPI.

How Large is 4 PARKLANDS CLOSE?

4 PARKLANDS CLOSE is 128m² according to the EPC inspection conducted in March 2011. This puts it in the largest 30% of detached houses in Redditch, based on EPC data. The below chart shows the distribution of detached houses by size in Redditch, and where 4 PARKLANDS CLOSE lies on this distribution: 71% of detached houses are smaller than 4 PARKLANDS CLOSE, and 29% of houses are larger. Note that EPC data is not available for all properties in Redditch.

4 PARKLANDS CLOSE: Plot and Title Map

4 PARKLANDS CLOSE sits on a plot of roughly 0.062 of an acre, or 249m². The below map shows the location of 4 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 4 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 4 PARKLANDS CLOSE?

4 PARKLANDS CLOSE is located in REDDITCH, in the B97 postcode district. The below map shows the position of No. 4 on PARKLANDS CLOSE.