5, FARLOW CLOSE, REDDITCH, B98 0LR - £220,000

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.

5 FARLOW CLOSE is a large detached house of 126m², built sometime between 1967 and 1975, which could now be worth an estimated £337,458. It was last sold for £220,000 in December 2014, which was around 11% below the average December 2014 detached price in the Redditch local authority area. The most recent EPC inspection was April 2015, where the current energy rating was E, and the potential energy rating was C.

5 FARLOW CLOSE Sold Prices

Land registry data shows three sales for 5 FARLOW 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 5 FARLOW CLOSE sales were for below 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
2014 5 DEC	£220,000	£248,235	11% below HPI
2004 20 FEB	£185,000	£199,906	7% below HPI
2001 25 SEP	£114,000	£140,574	19% below HPI

5 FARLOW 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 5 FARLOW CLOSE sales between September 2001 and December 2014 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 February 2004 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the December 2014 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 5 FARLOW CLOSE be worth now?

5 FARLOW CLOSE might now be worth an estimated £337,458.

This is based on house price inflation of 53.4%, between December 2014 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 53.4% inflationary increase is applied to the most recent sale price for 5 FARLOW CLOSE of £220,000 on 5th December 2014. For the value to have increased from £220,000 to £337,458 over the eleven years and ten months to February 2025, the following assumptions must hold true:

• The value of 5 FARLOW CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The December 2014 sale price of £220,000 represented a fair market value for the property.
• The size, condition, and specification of 5 FARLOW CLOSE has not materially changed since December 2014.

How Large is 5 FARLOW CLOSE?

5 FARLOW CLOSE is 126m² according to the EPC inspection conducted in April 2015. This puts it in the largest 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 5 FARLOW CLOSE lies on this distribution: 68% of detached houses houses are smaller than 5 FARLOW CLOSE, and 31% of houses are larger. Note that EPC data is not available for all properties in Redditch.

5 FARLOW CLOSE: Plot and Title Map

5 FARLOW CLOSE sits on a plot of roughly 0.108 of an acre, or 436m². The below map shows the location of 5 FARLOW 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 5 FARLOW 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 5 FARLOW CLOSE?

5 FARLOW CLOSE is located in REDDITCH, in the B98 postcode district. The below map shows the position of No. 5 on FARLOW CLOSE.