1, PADDOCK LANE, REDDITCH, B98 7XP - £312,000

1 PADDOCK LANE is a small extended detached house of 99m², built sometime between 1976 and 1982. It was last sold for £312,000 in March 2022, which was around 20% below the average March 2022 detached price in the Redditch local authority area. The most recent EPC inspection was February 2020, where the current energy rating was C, and the potential energy rating was B.

1 PADDOCK LANE Sold Prices

Land registry data shows five sales for 1 PADDOCK LANE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Redditch local authority area for the corresponding sale date. All of the five 1 PADDOCK 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
2022 24 MAR	£312,000	£388,161	20% below HPI
2020 31 JUL	£275,000	£344,104	20% below HPI
2009 19 JUN	£155,000	£214,161	28% below HPI
2005 17 JUL	£140,000	£236,404	41% below HPI
1997 30 MAY	£63,000	£92,183	32% below HPI

1 PADDOCK 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 five 1 PADDOCK LANE sales between May 1997 and March 2022 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 July 2020 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the March 2022 sale, which was also at 20% below the HPI.

How Large is 1 PADDOCK LANE?

1 PADDOCK LANE is 99m², which includes two extensions, according to the EPC inspection conducted in February 2020. This puts it in the smallest 40% 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 PADDOCK LANE lies on this distribution: 33% of detached houses are smaller than 1 PADDOCK LANE, and 66% of houses are larger. Note that EPC data is not available for all properties in Redditch.

1 PADDOCK LANE: Plot and Title Map

1 PADDOCK LANE sits on a plot of roughly 0.052 of an acre, or 209m². The below map shows the location of 1 PADDOCK 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 PADDOCK 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 PADDOCK LANE?

1 PADDOCK LANE is located in REDDITCH, in the B98 postcode district. The below map shows the position of No. 1 on PADDOCK LANE.