11, RIDINGS LANE, REDDITCH, B98 8RS - £305,000

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.

11 RIDINGS LANE is a small detached house of 94m², built sometime between 1983 and 1990, which could now be worth an estimated £331,660. It was last sold for £305,000 in May 2021, which was around 13% below the average May 2021 detached price in the Redditch local authority area. The most recent EPC inspection was November 2020, where the current energy rating was D, and the potential energy rating was B.

11 RIDINGS LANE Sold Prices

Land registry data shows two sales for 11 RIDINGS 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. One of the two 11 RIDINGS LANE sales was for below the average price, whilst the other was 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
2021 4 MAY	£305,000	£350,160	13% below HPI
1998 26 FEB	£96,500	£94,158	2% above HPI

11 RIDINGS 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 11 RIDINGS LANE sales from February 1998 and May 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 February 1998 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the May 2021 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 11 RIDINGS LANE be worth now?

11 RIDINGS LANE might now be worth an estimated £331,660.

This is based on house price inflation of 8.7%, between May 2021 and February 2025, 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 8.7% inflationary increase is applied to the most recent sale price for 11 RIDINGS LANE of £305,000 on 4th May 2021. For the value to have increased from £305,000 to £331,660 over the four years and three months to February 2025, the following assumptions must hold true:

• The value of 11 RIDINGS LANE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The May 2021 sale price of £305,000 represented a fair market value for the property.
• The size, condition, and specification of 11 RIDINGS LANE has not materially changed since May 2021.

How Large is 11 RIDINGS LANE?

11 RIDINGS LANE is 94m² according to the EPC inspection conducted in November 2020. This puts it in the smallest 30% 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 11 RIDINGS LANE lies on this distribution: 28% of detached houses houses are smaller than 11 RIDINGS LANE, and 72% of houses are larger. Note that EPC data is not available for all properties in Redditch.

11 RIDINGS LANE: Plot and Title Map

11 RIDINGS LANE sits on a plot of roughly 0.127 of an acre, or 513m². The below map shows the location of 11 RIDINGS 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 11 RIDINGS 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 11 RIDINGS LANE?

11 RIDINGS LANE is located in REDDITCH, in the B98 postcode district. The below map shows the position of No. 11 on RIDINGS LANE.