2, ACRE LANE, WEBHEATH, REDDITCH, B97 5WN - £350,000

2 ACRE LANE is a large detached house of 126m², built sometime between 1996 and 2002. It was last sold for £350,000 in July 2015, which was around 27% above the average July 2015 detached price in the Redditch local authority area. The most recent EPC inspection was March 2015, where the current energy rating was D, and the potential energy rating was C.

2 ACRE LANE Sold Prices

Land registry data shows two sales for 2 ACRE 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 2 ACRE LANE sales 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
2015 30 JUL	£350,000	£274,958	27% above HPI
1999 27 AUG	£163,950	£109,978	49% above HPI

2 ACRE 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 2 ACRE LANE sales from August 1999 and July 2015 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 August 1999 sale was for 49% above the HPI. So the extrapolation line tracks at 49% above the HPI over time, until the July 2015 sale, where it falls to 27% above the HPI. The line then continues to track at 27% above the HPI.

How Large is 2 ACRE LANE?

2 ACRE LANE is 126m² according to the EPC inspection conducted in March 2015. This puts it in the largest 40% of detached houses in Redditch, based on EPC data. The below chart shows the distribution of detached houses by size in Redditch, and where 2 ACRE LANE lies on this distribution: 68% of detached houses are smaller than 2 ACRE LANE, and 31% of houses are larger. Note that EPC data is not available for all properties in Redditch.

2 ACRE LANE: Plot and Title Map

2 ACRE LANE sits on a plot of roughly 0.118 of an acre, or 478m². The below map shows the location of 2 ACRE 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 2 ACRE 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 2 ACRE LANE?

2 ACRE LANE is located in WEBHEATH, in the B97 postcode district. The below map shows the position of No. 2 on ACRE LANE.