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

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

5 FARLOW CLOSE is a large detached house of 126m², built sometime between 1967 and 1975. It was last sold for £220,000 in December 2014, which was around 15% 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	£257,702	15% below HPI
2004 20 FEB	£185,000	£207,530	11% below HPI
2001 25 SEP	£114,000	£145,935	22% 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 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the December 2014 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

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 in Redditch, based on EPC data. The below chart shows the distribution of detached houses by size in Redditch, and where 5 FARLOW CLOSE lies on this distribution: 68% of detached houses are smaller than 5 FARLOW CLOSE, and 32% 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.