16, LILY GREEN LANE, REDDITCH, B97 6TZ - £366,950

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.

16 LILY GREEN LANE is a large detached house of 127m², built sometime between 1996 and 2002, which could now be worth an estimated £400,272. It was last sold for £366,950 in June 2021, which was around 5% above the average June 2021 detached price in the Redditch local authority area. The most recent EPC inspection was February 2021, where the current energy rating was C, and the potential energy rating was B.

16 LILY GREEN LANE Sold Prices

Land registry data shows four sales for 16 LILY GREEN 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. two of the four 16 LILY GREEN LANE sales were for above the average price, and four 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 30 JUN	£366,950	£349,070	5% above HPI
2013 8 OCT	£220,000	£237,457	7% below HPI
2008 30 MAY	£209,950	£236,741	11% below HPI
2002 13 DEC	£193,995	£181,769	7% above HPI

16 LILY GREEN 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 16 LILY GREEN LANE sales between December 2002 and June 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 October 2013 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the June 2021 sale, where it rises to 5% above the HPI. The line then continues to track at 5% above the HPI.

What might 16 LILY GREEN LANE be worth now?

16 LILY GREEN LANE might now be worth an estimated £400,272.

This is based on house price inflation of 9.1%, between June 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 9.1% inflationary increase is applied to the most recent sale price for 16 LILY GREEN LANE of £366,950 on 30th June 2021. For the value to have increased from £366,950 to £400,272 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of 16 LILY GREEN LANE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The June 2021 sale price of £366,950 represented a fair market value for the property.
• The size, condition, and specification of 16 LILY GREEN LANE has not materially changed since June 2021.

How Large is 16 LILY GREEN LANE?

16 LILY GREEN LANE is 127m² according to the EPC inspection conducted in February 2021. This puts it in the largest 40% 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 16 LILY GREEN LANE lies on this distribution: 69% of detached houses houses are smaller than 16 LILY GREEN LANE, and 30% of houses are larger. Note that EPC data is not available for all properties in Redditch.

16 LILY GREEN LANE: Plot and Title Map

16 LILY GREEN LANE sits on a plot of roughly 0.066 of an acre, or 267m². The below map shows the location of 16 LILY GREEN 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 LILY GREEN 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 LILY GREEN LANE?

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