5, ACRE LANE, WEBHEATH, REDDITCH, B97 5WN - £445,000

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

5 ACRE LANE is a very large extended detached house of 236m², built sometime between 1996 and 2002. It was last sold for £445,000 in February 2020, which was around 33% above the average February 2020 detached price in the Redditch local authority area. The most recent EPC inspection was July 2015, where the current energy rating was E, and the potential energy rating was C.

5 ACRE LANE Sold Prices

Land registry data shows four sales for 5 ACRE 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 5 ACRE LANE sales were 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 14 FEB	£445,000	£333,652	33% above HPI
2008 31 MAR	£360,000	£253,783	42% above HPI
2001 29 JUN	£233,000	£135,646	72% above HPI
1999 26 NOV	£180,000	£114,431	57% above HPI

5 ACRE 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 5 ACRE LANE sales between November 1999 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 March 2008 sale was for 42% above the HPI. So the extrapolation line tracks at 42% above the HPI over time, until the February 2020 sale, where it falls to 33% above the HPI. The line then continues to track at 33% above the HPI.

How Large is 5 ACRE LANE?

5 ACRE LANE is 236m², which includes three extensions, according to the EPC inspection conducted in July 2015. This puts it in the largest 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 5 ACRE LANE lies on this distribution: 99% of detached houses are smaller than 5 ACRE LANE, and 1% of houses are larger. Note that EPC data is not available for all properties in Redditch.

5 ACRE LANE: Plot and Title Map

5 ACRE LANE sits on a plot of roughly 0.111 of an acre, or 449m². The below map shows the location of 5 ACRE 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 5 ACRE 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 5 ACRE LANE?

5 ACRE LANE is located in WEBHEATH, in the B97 postcode district. The below map shows the position of No. 5 on ACRE LANE.