16A, LILY GREEN LANE, REDDITCH, B97 6TZ - £230,000

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.

16A LILY GREEN LANE is a very small semi-detached house of 54m², built sometime between 2003 and 2006, which could now be worth an estimated £245,272. It was last sold for £230,000 in March 2022, which was around 1% below the average March 2022 semi-detached price in the Redditch local authority area. The most recent EPC inspection was February 2022, where the current energy rating was C, and the potential energy rating was B.

16A LILY GREEN LANE Sold Prices

Land registry data shows four sales for 16A LILY GREEN LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Redditch local authority area for the corresponding sale date. two of the four 16A LILY GREEN LANE sales were for below the average price, and four were 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
2022 17 MAR	£230,000	£231,908	1% below HPI
2008 30 MAY	£150,000	£146,377	2% above HPI
2006 29 JUN	£139,000	£144,944	4% below HPI
2002 27 SEP	£103,995	£94,584	10% above HPI

16A LILY GREEN LANE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Redditch local authority area over time, sourced from the HPI. The four 16A LILY GREEN LANE sales between September 2002 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 May 2008 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the March 2022 sale, where it falls to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might 16A LILY GREEN LANE be worth now?

16A LILY GREEN LANE might now be worth an estimated £245,272.

This is based on house price inflation of 6.6%, between March 2022 and March 2025, for semi-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 6.6% inflationary increase is applied to the most recent sale price for 16A LILY GREEN LANE of £230,000 on 17th March 2022. For the value to have increased from £230,000 to £245,272 over the three years to March 2025, the following assumptions must hold true:

• The value of 16A LILY GREEN LANE has moved in line with the HPI for semi-detached houses in the Redditch local authority area.
• The March 2022 sale price of £230,000 represented a fair market value for the property.
• The size, condition, and specification of 16A LILY GREEN LANE has not materially changed since March 2022.

How Large is 16A LILY GREEN LANE?

16A LILY GREEN LANE is 54m² according to the EPC inspection conducted in February 2022. This puts it in the smallest 10% of semi-detached houses houses in Redditch, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Redditch, and where 16A LILY GREEN LANE lies on this distribution: 1% of semi-detached houses houses are smaller than 16A LILY GREEN LANE, and 99% of houses are larger. Note that EPC data is not available for all properties in Redditch.

16A LILY GREEN LANE: Plot and Title Map

16A LILY GREEN LANE sits on a plot of roughly 0.035 of an acre, or 141m². The below map shows the location of 16A 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 16A 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 16A LILY GREEN LANE?

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