38, TURNPIKE LANE, REDDITCH, B97 6UJ - £290,000

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

38 TURNPIKE LANE is a large detached house of 129m², built sometime between 1996 and 2002. It was last sold for £290,000 in February 2020, which was around 13% below the average February 2020 detached price in the Redditch local authority area. The most recent EPC inspection was November 2019, where the current energy rating was C, and the potential energy rating was B.

38 TURNPIKE LANE Sold Prices

Land registry data shows three sales for 38 TURNPIKE 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 38 TURNPIKE 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
2020 21 FEB	£290,000	£333,652	13% below HPI
2007 20 DEC	£228,500	£255,271	10% below HPI
2003 20 JUN	£204,995	£200,650	2% above HPI

38 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 three 38 TURNPIKE LANE sales between June 2003 and February 2020 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 2007 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the February 2020 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is 38 TURNPIKE LANE?

38 TURNPIKE LANE is 129m² according to the EPC inspection conducted in November 2019. 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 38 TURNPIKE LANE lies on this distribution: 71% of detached houses are smaller than 38 TURNPIKE LANE, and 28% of houses are larger. Note that EPC data is not available for all properties in Redditch.

38 TURNPIKE LANE: Plot and Title Map

38 TURNPIKE LANE sits on a plot of roughly 0.054 of an acre, or 219m². The below map shows the location of 38 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 38 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 38 TURNPIKE LANE?

38 TURNPIKE LANE is located in REDDITCH, in the B97 postcode district. The below map shows the position of No. 38 on TURNPIKE LANE.