2, STONEPITS LANE, REDDITCH, B97 5LX - £295,000

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 STONEPITS LANE is a midsized extended detached house of 109m², built sometime between 1983 and 1990. It was last sold for £295,000 in January 2016, which was around 4% above the average January 2016 detached price in the Redditch local authority area. The most recent EPC inspection was September 2015, where the current energy rating was D, and the potential energy rating was B.

2 STONEPITS LANE Sold Prices

Land registry data shows two sales for 2 STONEPITS 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 STONEPITS 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
2016 8 JAN	£295,000	£283,053	4% above HPI
1995 13 SEP	£111,000	£87,616	27% above HPI

2 STONEPITS 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 STONEPITS LANE sales from September 1995 and January 2016 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 September 1995 sale was for 27% above the HPI. So the extrapolation line tracks at 27% above the HPI over time, until the January 2016 sale, where it falls to 4% above the HPI. The line then continues to track at 4% above the HPI.

How Large is 2 STONEPITS LANE?

2 STONEPITS LANE is 109m², which includes one extension, according to the EPC inspection conducted in September 2015. This puts it in the smallest 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 STONEPITS LANE lies on this distribution: 46% of detached houses are smaller than 2 STONEPITS LANE, and 53% of houses are larger. Note that EPC data is not available for all properties in Redditch.

2 STONEPITS LANE: Plot and Title Map

2 STONEPITS LANE sits on a plot of roughly 0.176 of an acre, or 713m². The below map shows the location of 2 STONEPITS 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 STONEPITS 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 STONEPITS LANE?

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