2, KITE LANE, REDDITCH, B97 6TT - £250,000

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

2 KITE LANE is a midsized detached house of 118m², built sometime between 2003 and 2006. It was last sold for £250,000 in May 2006, which was around 6% above the average May 2006 detached price in the Redditch local authority area. The most recent EPC inspection was November 2023, where the current energy rating was C, and the potential energy rating was B.

2 KITE LANE Sold Prices

Land registry data shows three sales for 2 KITE LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Redditch local authority area for the corresponding sale date. All of the three 2 KITE 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
2006 5 MAY	£250,000	£236,497	6% above HPI
2004 14 DEC	£237,000	£235,590	1% above HPI
2001 10 AUG	£160,995	£142,236	13% above HPI

2 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 three 2 KITE LANE sales between August 2001 and May 2006 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 December 2004 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the May 2006 sale, where it rises to 6% above the HPI. The line then continues to track at 6% above the HPI.

How Large is 2 KITE LANE?

2 KITE LANE is 118m² according to the EPC inspection conducted in November 2023. This puts it in the largest 50% 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 KITE LANE lies on this distribution: 58% of detached houses are smaller than 2 KITE LANE, and 40% of houses are larger. Note that EPC data is not available for all properties in Redditch.

2 KITE LANE: Plot and Title Map

2 KITE LANE sits on a plot of roughly 0.093 of an acre, or 375m². The below map shows the location of 2 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 2 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 2 KITE LANE?

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