5, KINGHAM CLOSE, REDDITCH, B98 0SA - £275,000

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 KINGHAM CLOSE is a very small extended detached house of 80m², built sometime between 1976 and 1982. It was last sold for £275,000 in February 2023, which was around 34% below the average February 2023 detached price in the Redditch local authority area. The most recent EPC inspection was June 2022, where the current energy rating was C, and the potential energy rating was B.

5 KINGHAM CLOSE Sold Prices

Land registry data shows three sales for 5 KINGHAM 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 KINGHAM 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
2023 27 FEB	£275,000	£415,744	34% below HPI
2000 27 OCT	£87,000	£129,818	33% below HPI
2000 14 JAN	£78,000	£115,204	32% below HPI

5 KINGHAM 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 KINGHAM CLOSE sales between January 2000 and February 2023 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 October 2000 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the February 2023 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is 5 KINGHAM CLOSE?

5 KINGHAM CLOSE is 80m², which includes one extension, according to the EPC inspection conducted in June 2022. This puts it in the smallest 20% 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 KINGHAM CLOSE lies on this distribution: 12% of detached houses are smaller than 5 KINGHAM CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Redditch.

5 KINGHAM CLOSE: Plot and Title Map

5 KINGHAM CLOSE sits on a plot of roughly 0.064 of an acre, or 258m². The below map shows the location of 5 KINGHAM 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 KINGHAM 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 KINGHAM CLOSE?

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