23, TURNPIKE LANE, REDDITCH, B97 6UJ - £327,500

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

23 TURNPIKE LANE is a large detached house of 130m², built sometime between 1996 and 2002. It was last sold for £327,500 in September 2021, which was around 12% below the average September 2021 detached price in the Redditch local authority area. The most recent EPC inspection was November 2014, where the current energy rating was D, and the potential energy rating was C.

23 TURNPIKE LANE Sold Prices

Land registry data shows four sales for 23 TURNPIKE LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Redditch local authority area for the corresponding sale date. The four 23 TURNPIKE LANE sales were a mix of below the average price, and roughly equal to 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 3 SEP	£327,500	£370,637	12% below HPI
2015 12 MAY	£222,500	£267,710	17% below HPI
2004 12 NOV	£210,500	£234,505	10% below HPI
2003 5 SEP	£199,950	£199,963	Close to HPI

23 TURNPIKE 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 four 23 TURNPIKE LANE sales between September 2003 and September 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 May 2015 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the September 2021 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 23 TURNPIKE LANE?

23 TURNPIKE LANE is 130m² according to the EPC inspection conducted in November 2014. This puts it in the largest 30% of detached houses in Redditch, based on EPC data. The below chart shows the distribution of detached houses by size in Redditch, and where 23 TURNPIKE LANE lies on this distribution: 72% of detached houses are smaller than 23 TURNPIKE LANE, and 27% of houses are larger. Note that EPC data is not available for all properties in Redditch.

23 TURNPIKE LANE: Plot and Title Map

23 TURNPIKE LANE sits on a plot of roughly 0.047 of an acre, or 188m². The below map shows the location of 23 TURNPIKE 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 23 TURNPIKE 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 23 TURNPIKE LANE?

23 TURNPIKE LANE is located in REDDITCH, in the B97 postcode district. The below map shows the position of No. 23 on TURNPIKE LANE.