5, FARMCOTE CLOSE, REDDITCH, B97 5XX - £430,000

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

5 FARMCOTE CLOSE is a very large extended detached house of 143m², built sometime between 1991 and 1995. It was last sold for £430,000 in July 2020, which was around 30% above the average July 2020 detached price in the Redditch local authority area. The most recent EPC inspection was June 2020, where the current energy rating was D, and the potential energy rating was C.

5 FARMCOTE CLOSE Sold Prices

Land registry data shows three sales for 5 FARMCOTE 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 FARMCOTE 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
2020 31 JUL	£430,000	£331,462	30% above HPI
2008 23 MAY	£300,000	£236,741	27% above HPI
2000 28 NOV	£165,000	£124,903	32% above HPI

5 FARMCOTE 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 FARMCOTE CLOSE sales between November 2000 and July 2020 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 May 2008 sale was for 27% above the HPI. So the extrapolation line tracks at 27% above the HPI over time, until the July 2020 sale, where it rises to 30% above the HPI. The line then continues to track at 30% above the HPI.

What might 5 FARMCOTE CLOSE be worth now?

5 FARMCOTE CLOSE might now be worth an estimated £501,803.

This is based on house price inflation of 16.7%, between July 2020 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 16.7% inflationary increase is applied to the most recent sale price for 5 FARMCOTE CLOSE of £430,000 on 31st July 2020. For the value to have increased from £430,000 to £501,803 over the three years and seven months to December 2024, the following assumptions must hold true:

• The value of 5 FARMCOTE CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The July 2020 sale price of £430,000 represented a fair market value for the property.
• The size, condition, and specification of 5 FARMCOTE CLOSE has not materially changed since July 2020.

How Large is 5 FARMCOTE CLOSE?

5 FARMCOTE CLOSE is 143m², which includes two extensions, according to the EPC inspection conducted in June 2020. This puts it in the largest 20% 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 FARMCOTE CLOSE lies on this distribution: 83% of detached houses houses are smaller than 5 FARMCOTE CLOSE, and 16% of houses are larger. Note that EPC data is not available for all properties in Redditch.

5 FARMCOTE CLOSE: Plot and Title Map

5 FARMCOTE CLOSE sits on a plot of roughly 0.152 of an acre, or 614m². The below map shows the location of 5 FARMCOTE 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 FARMCOTE 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 FARMCOTE CLOSE?

5 FARMCOTE CLOSE is located in REDDITCH, in the B97 postcode district. The below map shows the position of No. 5 on FARMCOTE CLOSE.