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

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 KINGHAM CLOSE is a very small extended detached house of 80m², built sometime between 1976 and 1982, which could now be worth an estimated £265,620. It was last sold for £275,000 in February 2023, which was around 31% 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	£400,471	31% below HPI
2000 27 OCT	£87,000	£125,049	30% below HPI
2000 14 JAN	£78,000	£110,972	30% 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 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the February 2023 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 5 KINGHAM CLOSE be worth now?

5 KINGHAM CLOSE might now be worth an estimated £265,620.

This is based on house price deflation of 3.4%, between February 2023 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 3.4% deflationary decrease is applied to the most recent sale price for 5 KINGHAM CLOSE of £275,000 on 27th February 2023. For the value to have decreased from £275,000 to £265,620 over the two months to December 2024, the following assumptions must hold true:

• The value of 5 KINGHAM CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The February 2023 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of 5 KINGHAM CLOSE has not materially changed since February 2023.

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 houses in Redditch, based on EPC data. The below chart shows the distribution of detached houses houses by size in Redditch, and where 5 KINGHAM CLOSE lies on this distribution: 12% of detached houses 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.