44, HOME MEADOW LANE, REDDITCH, B98 9NE - £288,000

44 HOME MEADOW LANE is a very small detached house of 68m², built sometime between 1976 and 1982. It was last sold for £288,000 in February 2022, which was around 26% below the average February 2022 detached price in the Redditch local authority area. The most recent EPC inspection was August 2021, where the current energy rating was C, and the potential energy rating was B.

44 HOME MEADOW LANE Sold Prices

Land registry data shows four sales for 44 HOME MEADOW 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. All of the four 44 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
2022 4 FEB	£288,000	£387,170	26% below HPI
2004 4 JUN	£165,000	£212,823	22% below HPI
2000 4 AUG	£93,000	£126,173	26% below HPI
1997 31 JAN	£67,000	£89,967	26% below HPI

44 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 four 44 HOME MEADOW LANE sales between January 1997 and February 2022 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 June 2004 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the February 2022 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 44 HOME MEADOW LANE?

44 HOME MEADOW LANE is 68m² according to the EPC inspection conducted in August 2021. This puts it in the smallest 10% of detached houses in Redditch, based on EPC data. The below chart shows the distribution of detached houses by size in Redditch, and where 44 HOME MEADOW LANE lies on this distribution: 4% of detached houses are smaller than 44 HOME MEADOW LANE, and 95% of houses are larger. Note that EPC data is not available for all properties in Redditch.

44 HOME MEADOW LANE: Plot and Title Map

44 HOME MEADOW LANE sits on a plot of roughly 0.064 of an acre, or 258m². The below map shows the location of 44 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 44 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 44 HOME MEADOW LANE?

44 HOME MEADOW LANE is located in REDDITCH, in the B98 postcode district. The below map shows the position of No. 44 on HOME MEADOW LANE.