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

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

4 PARKLANDS CLOSE is a large detached house of 128m², built sometime between 1996 and 2002, which could now be worth an estimated £394,010. It was last sold for £228,000 in October 2011, which was around 2% above 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. Both of the two 4 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
2011 6 OCT	£228,000	£223,834	2% above HPI
2002 28 JUN	£186,995	£151,819	23% 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 23% above the HPI. So the extrapolation line tracks at 23% above the HPI over time, until the October 2011 sale, where it falls to 2% above the HPI. The line then continues to track at 2% above the HPI.

What might 4 PARKLANDS CLOSE be worth now?

4 PARKLANDS CLOSE might now be worth an estimated £394,010.

This is based on house price inflation of 72.8%, between October 2011 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 72.8% inflationary increase is applied to the most recent sale price for 4 PARKLANDS CLOSE of £228,000 on 6th October 2011. For the value to have increased from £228,000 to £394,010 over the twelve years and ten months to December 2024, the following assumptions must hold true:

• The value of 4 PARKLANDS CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The October 2011 sale price of £228,000 represented a fair market value for the property.
• The size, condition, and specification of 4 PARKLANDS CLOSE has not materially changed since October 2011.

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 houses in Redditch, based on EPC data. The below chart shows the distribution of detached houses houses by size in Redditch, and where 4 PARKLANDS CLOSE lies on this distribution: 71% of detached houses 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.