1, KITE LANE, REDDITCH, B97 6TT - £228,750

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 KITE LANE is a very small extended detached house of 72m², built sometime between 1996 and 2002. It was last sold for £228,750 in November 2017, which was around 27% below the average November 2017 detached price in the Redditch local authority area. The most recent EPC inspection was April 2017, where the current energy rating was D, and the potential energy rating was B.

1 KITE LANE Sold Prices

Land registry data shows four sales for 1 KITE LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Redditch local authority area for the corresponding sale date. All of the four 1 KITE LANE 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
2017 14 NOV	£228,750	£315,219	27% below HPI
2005 31 MAR	£154,000	£228,852	33% below HPI
2003 24 JAN	£145,000	£183,693	21% below HPI
2001 29 MAR	£104,995	£131,978	20% below HPI

1 KITE LANE 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 four 1 KITE LANE sales between March 2001 and November 2017 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 2005 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the November 2017 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 1 KITE LANE?

1 KITE LANE is 72m², which includes one extension, according to the EPC inspection conducted in April 2017. This puts it in the smallest 10% of detached houses in Redditch, based on EPC data. The below chart shows the distribution of detached houses by size in Redditch, and where 1 KITE LANE lies on this distribution: 7% of detached houses are smaller than 1 KITE LANE, and 93% of houses are larger. Note that EPC data is not available for all properties in Redditch.

1 KITE LANE: Plot and Title Map

1 KITE LANE sits on a plot of roughly 0.065 of an acre, or 264m². The below map shows the location of 1 KITE LANE, 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 1 KITE LANE). 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 1 KITE LANE?

1 KITE LANE is located in REDDITCH, in the B97 postcode district. The below map shows the position of No. 1 on KITE LANE.