5, PARMINGTON CLOSE, CALLOW HILL, REDDITCH, B97 5YL - £350,000

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 PARMINGTON CLOSE is a midsized detached house of 107m², built sometime between 1983 and 1990, which could now be worth an estimated £611,681. It was last sold for £350,000 in March 2012, which was around 61% above the average March 2012 detached price in the Redditch local authority area. The most recent EPC inspection was June 2011, where the current energy rating was D, and the potential energy rating was D.

5 PARMINGTON CLOSE Sold Prices

Land registry data shows two sales for 5 PARMINGTON CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Redditch local authority area for the corresponding sale date. Both of the two 5 PARMINGTON 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
2012 16 MAR	£350,000	£217,873	61% above HPI
1999 29 OCT	£185,000	£109,922	68% above HPI

5 PARMINGTON 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 two 5 PARMINGTON CLOSE sales from October 1999 and March 2012 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 1999 sale was for 68% above the HPI. So the extrapolation line tracks at 68% above the HPI over time, until the March 2012 sale, where it falls to 61% above the HPI. The line then continues to track at 61% above the HPI.

What might 5 PARMINGTON CLOSE be worth now?

5 PARMINGTON CLOSE might now be worth an estimated £611,681.

This is based on house price inflation of 74.8%, between March 2012 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 74.8% inflationary increase is applied to the most recent sale price for 5 PARMINGTON CLOSE of £350,000 on 16th March 2012. For the value to have increased from £350,000 to £611,681 over the thirteen years and one month to February 2025, the following assumptions must hold true:

• The value of 5 PARMINGTON CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The March 2012 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of 5 PARMINGTON CLOSE has not materially changed since March 2012.

How Large is 5 PARMINGTON CLOSE?

5 PARMINGTON CLOSE is 107m² according to the EPC inspection conducted in June 2011. This puts it in the smallest 50% 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 PARMINGTON CLOSE lies on this distribution: 45% of detached houses houses are smaller than 5 PARMINGTON CLOSE, and 55% of houses are larger. Note that EPC data is not available for all properties in Redditch.

5 PARMINGTON CLOSE: Plot and Title Map

5 PARMINGTON CLOSE sits on a plot of roughly 0.179 of an acre, or 723m². The below map shows the location of 5 PARMINGTON 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 PARMINGTON 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 PARMINGTON CLOSE?

5 PARMINGTON CLOSE is located in CALLOW HILL, in the B97 postcode district. The below map shows the position of No. 5 on PARMINGTON CLOSE.