8, PACKINGTON CLOSE, REDDITCH, B98 0FZ - £470,000

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.

8 PACKINGTON CLOSE is a very large detached house of 151m², built in 2018, which could now be worth an estimated £577,250. It was last sold for £470,000 in March 2020, which was around 46% above the average March 2020 detached price in the Redditch local authority area. The most recent EPC inspection was March 2020, where the current energy rating was B, and the potential energy rating was A.

8 PACKINGTON CLOSE Sold Prices

Land registry data shows one sale for 8 PACKINGTON CLOSE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average detached price in the Redditch local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2020 13 MAR	£470,000	£320,893	46% above HPI

What might 8 PACKINGTON CLOSE be worth now?

8 PACKINGTON CLOSE might now be worth an estimated £577,250.

This is based on house price inflation of 22.8%, between March 2020 and May 2026, 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 22.8% inflationary increase is applied to the most recent sale price for 8 PACKINGTON CLOSE of £470,000 on 13th March 2020. For the value to have increased from £470,000 to £577,250 over the five years and ten months to May 2026, the following assumptions must hold true:

• The value of 8 PACKINGTON CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The March 2020 sale price of £470,000 represented a fair market value for the property.
• The size, condition, and specification of 8 PACKINGTON CLOSE has not materially changed since March 2020.

How Large is 8 PACKINGTON CLOSE?

8 PACKINGTON CLOSE is 151m² according to the EPC inspection conducted in March 2020. This puts it in the largest 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 8 PACKINGTON CLOSE lies on this distribution: 87% of detached houses are smaller than 8 PACKINGTON CLOSE, and 13% of detached houses are larger. Note that EPC data is not available for all properties in Redditch.

8 PACKINGTON CLOSE: Plot

8 PACKINGTON CLOSE sits on a plot of roughly 0.083 of an acre, or 337m².

Where is 8 PACKINGTON CLOSE?

8 PACKINGTON CLOSE is located in REDDITCH, in the B98 postcode district.