16, KITE LANE, REDDITCH, B97 6TT - £265,000

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

16 KITE LANE is a very small detached house of 70m², built sometime between 1996 and 2002. It was last sold for £265,000 in September 2021, which was around 29% below the average September 2021 detached price in the Redditch local authority area. The most recent EPC inspection was September 2013, where the current energy rating was D, and the potential energy rating was B.

16 KITE LANE Sold Prices

Land registry data shows five sales for 16 KITE 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 16 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
2021 3 SEP	£265,000	£370,637	29% below HPI
2014 24 JAN	£178,000	£245,207	27% below HPI
2007 25 SEP	£186,000	£253,138	27% below HPI
2006 12 JUL	£169,000	£238,116	29% below HPI
2001 30 NOV	£110,950	£145,678	24% below HPI

16 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 five 16 KITE LANE sales between November 2001 and September 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 January 2014 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the September 2021 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 16 KITE LANE?

16 KITE LANE is 70m² according to the EPC inspection conducted in September 2013. 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 16 KITE LANE lies on this distribution: 5% of detached houses are smaller than 16 KITE LANE, and 94% of houses are larger. Note that EPC data is not available for all properties in Redditch.

16 KITE LANE: Plot and Title Map

16 KITE LANE sits on a plot of roughly 0.059 of an acre, or 237m². The below map shows the location of 16 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 16 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 16 KITE LANE?

16 KITE LANE is located in REDDITCH, in the B97 postcode district. The below map shows the position of No. 16 on KITE LANE.