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

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

5 ACRE LANE is a very large extended detached house of 236m², built sometime between 1996 and 2002, which could now be worth an estimated £527,207. It was last sold for £445,000 in February 2020, which was around 38% 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	£321,395	38% above HPI
2008 31 MAR	£360,000	£244,459	47% above HPI
2001 29 JUN	£233,000	£130,662	78% above HPI
1999 26 NOV	£180,000	£110,227	63% 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 47% above the HPI. So the extrapolation line tracks at 47% above the HPI over time, until the February 2020 sale, where it falls to 38% above the HPI. The line then continues to track at 38% above the HPI.

What might 5 ACRE LANE be worth now?

5 ACRE LANE might now be worth an estimated £527,207.

This is based on house price inflation of 18.5%, between February 2020 and February 2025, for detached houses, in the Redditch local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 18.5% inflationary increase is applied to the most recent sale price for 5 ACRE LANE of £445,000 on 14th February 2020. For the value to have increased from £445,000 to £527,207 over the five years to February 2025, the following assumptions must hold true:

• The value of 5 ACRE LANE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The February 2020 sale price of £445,000 represented a fair market value for the property.
• The size, condition, and specification of 5 ACRE LANE has not materially changed since February 2020.

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 houses in Redditch, based on EPC data. The below chart shows the distribution of detached houses houses by size in Redditch, and where 5 ACRE LANE lies on this distribution: 99% of detached houses 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.