22, HOME MEADOW LANE, REDDITCH, B98 9NE - £335,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

22 HOME MEADOW LANE is a midsized extended detached house of 106m², built sometime between 1976 and 1982. It was last sold for £335,000 in November 2021, which was around 11% below the average November 2021 detached price in the Redditch local authority area. The most recent EPC inspection was April 2021, where the current energy rating was D, and the potential energy rating was C.

22 HOME MEADOW LANE Sold Prices

Land registry data shows three sales for 22 HOME MEADOW 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 22 HOME MEADOW LANE sales 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 1 NOV	£335,000	£377,294	11% below HPI
2000 23 OCT	£112,000	£129,818	14% below HPI
1997 27 JUN	£85,950	£93,424	8% below HPI

22 HOME MEADOW 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 22 HOME MEADOW LANE sales between June 1997 and November 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 2000 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the November 2021 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 22 HOME MEADOW LANE?

22 HOME MEADOW LANE is 106m², which includes one extension, according to the EPC inspection conducted in April 2021. 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 22 HOME MEADOW LANE lies on this distribution: 42% of detached houses are smaller than 22 HOME MEADOW LANE, and 57% of houses are larger. Note that EPC data is not available for all properties in Redditch.

22 HOME MEADOW LANE: Plot and Title Map

22 HOME MEADOW LANE sits on a plot of roughly 0.068 of an acre, or 276m². The below map shows the location of 22 HOME MEADOW 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 22 HOME MEADOW 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 22 HOME MEADOW LANE?

22 HOME MEADOW LANE is located in REDDITCH, in the B98 postcode district. The below map shows the position of No. 22 on HOME MEADOW LANE.