1, SEVENACRES LANE, REDDITCH, B98 8QX - £320,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 SEVENACRES LANE is a midsized extended detached house of 113m², built sometime between 1983 and 1990. It was last sold for £320,000 in December 2021, which was around 17% below the average December 2021 detached price in the Redditch local authority area. The most recent EPC inspection was November 2012, where the current energy rating was D, and the potential energy rating was B.

1 SEVENACRES LANE Sold Prices

Land registry data shows two sales for 1 SEVENACRES LANE 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 1 SEVENACRES 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
2021 16 DEC	£320,000	£384,265	17% below HPI
2013 25 JUL	£158,000	£236,010	33% below HPI

1 SEVENACRES 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 two 1 SEVENACRES LANE sales from July 2013 and December 2021 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 2013 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the December 2021 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 1 SEVENACRES LANE?

1 SEVENACRES LANE is 113m², which includes one extension, according to the EPC inspection conducted in November 2012. This puts it in the largest 50% 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 SEVENACRES LANE lies on this distribution: 52% of detached houses are smaller than 1 SEVENACRES LANE, and 46% of houses are larger. Note that EPC data is not available for all properties in Redditch.

1 SEVENACRES LANE: Plot and Title Map

1 SEVENACRES LANE sits on a plot of roughly 0.092 of an acre, or 374m². The below map shows the location of 1 SEVENACRES 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 SEVENACRES 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 SEVENACRES LANE?

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