3, WHEELERS LANE, REDDITCH, B97 6GT - £275,000

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

3 WHEELERS LANE is a midsized detached house of 111m², built sometime between 2003 and 2006. It was last sold for £275,000 in August 2017, which was around 11% below the average August 2017 detached price in the Redditch local authority area. The most recent EPC inspection was May 2023, where the current energy rating was C, and the potential energy rating was B.

3 WHEELERS LANE Sold Prices

Land registry data shows three sales for 3 WHEELERS 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. Two of the three 3 WHEELERS LANE sales were for below the average price, whilst one was 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
2017 31 AUG	£275,000	£310,434	11% below HPI
2008 21 NOV	£199,950	£227,704	12% below HPI
2003 8 AUG	£217,995	£200,647	9% above HPI

3 WHEELERS 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 3 WHEELERS LANE sales between August 2003 and August 2017 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 November 2008 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the August 2017 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 3 WHEELERS LANE?

3 WHEELERS LANE is 111m² according to the EPC inspection conducted in May 2023. 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 3 WHEELERS LANE lies on this distribution: 49% of detached houses are smaller than 3 WHEELERS LANE, and 50% of houses are larger. Note that EPC data is not available for all properties in Redditch.

3 WHEELERS LANE: Plot and Title Map

3 WHEELERS LANE sits on a plot of roughly 0.077 of an acre, or 312m². The below map shows the location of 3 WHEELERS 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 3 WHEELERS 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 3 WHEELERS LANE?

3 WHEELERS LANE is located in REDDITCH, in the B97 postcode district. The below map shows the position of No. 3 on WHEELERS LANE.