5, THE FOLLY, REDDITCH, B97 5EX - £290,000

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 THE FOLLY is a very large detached house of 158m², built sometime between 1991 and 1995, which could now be worth an estimated £518,291. It was last sold for £290,000 in September 2004, which was around 34% above the average September 2004 detached price in the Redditch local authority area. The most recent EPC inspection was September 2012, where the current energy rating was D, and the potential energy rating was C.

5 THE FOLLY Sold Prices

Land registry data shows two sales for 5 THE FOLLY 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 THE FOLLY 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
2004 10 SEP	£290,000	£216,433	34% above HPI
2001 28 MAR	£215,000	£127,130	69% above HPI

5 THE FOLLY 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 THE FOLLY sales from March 2001 and September 2004 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 March 2001 sale was for 69% above the HPI. So the extrapolation line tracks at 69% above the HPI over time, until the September 2004 sale, where it falls to 34% above the HPI. The line then continues to track at 34% above the HPI.

What might 5 THE FOLLY be worth now?

5 THE FOLLY might now be worth an estimated £518,291.

This is based on house price inflation of 78.7%, between September 2004 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 78.7% inflationary increase is applied to the most recent sale price for 5 THE FOLLY of £290,000 on 10th September 2004. For the value to have increased from £290,000 to £518,291 over the nineteen years and nine months to December 2024, the following assumptions must hold true:

• The value of 5 THE FOLLY has moved in line with the HPI for detached houses in the Redditch local authority area.
• The September 2004 sale price of £290,000 represented a fair market value for the property.
• The size, condition, and specification of 5 THE FOLLY has not materially changed since September 2004.

How Large is 5 THE FOLLY?

5 THE FOLLY is 158m² according to the EPC inspection conducted in September 2012. This puts it in the largest 10% 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 THE FOLLY lies on this distribution: 90% of detached houses houses are smaller than 5 THE FOLLY, and 10% of houses are larger. Note that EPC data is not available for all properties in Redditch.

5 THE FOLLY: Plot and Title Map

5 THE FOLLY sits on a plot of roughly 0.127 of an acre, or 515m². The below map shows the location of 5 THE FOLLY, 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 THE FOLLY). 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 THE FOLLY?

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