5, GRAZING LANE, REDDITCH, B97 5PE - £354,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

5 GRAZING LANE is a large extended detached house of 129m², built sometime between 1983 and 1990, which could now be worth an estimated £449,808. It was last sold for £354,000 in May 2018, which was around 16% above the average May 2018 detached price in the Redditch local authority area. The most recent EPC inspection was January 2018, where the current energy rating was D, and the potential energy rating was C.

5 GRAZING LANE Sold Prices

Land registry data shows four sales for 5 GRAZING 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 GRAZING 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
2018 24 MAY	£354,000	£304,421	16% above HPI
2002 20 AUG	£193,500	£159,533	21% above HPI
2001 18 JAN	£139,000	£125,647	11% above HPI
1996 30 AUG	£105,000	£84,844	24% above HPI

5 GRAZING 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 GRAZING LANE sales between August 1996 and May 2018 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 August 2002 sale was for 21% above the HPI. So the extrapolation line tracks at 21% above the HPI over time, until the May 2018 sale, where it falls to 16% above the HPI. The line then continues to track at 16% above the HPI.

What might 5 GRAZING LANE be worth now?

5 GRAZING LANE might now be worth an estimated £449,808.

This is based on house price inflation of 27.1%, between May 2018 and December 2024, 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 27.1% inflationary increase is applied to the most recent sale price for 5 GRAZING LANE of £354,000 on 24th May 2018. For the value to have increased from £354,000 to £449,808 over the five years and five months to December 2024, the following assumptions must hold true:

• The value of 5 GRAZING LANE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The May 2018 sale price of £354,000 represented a fair market value for the property.
• The size, condition, and specification of 5 GRAZING LANE has not materially changed since May 2018.

How Large is 5 GRAZING LANE?

5 GRAZING LANE is 129m², which includes one extension, according to the EPC inspection conducted in January 2018. This puts it in the largest 30% 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 GRAZING LANE lies on this distribution: 71% of detached houses houses are smaller than 5 GRAZING LANE, and 28% of houses are larger. Note that EPC data is not available for all properties in Redditch.

5 GRAZING LANE: Plot and Title Map

5 GRAZING LANE sits on a plot of roughly 0.095 of an acre, or 386m². The below map shows the location of 5 GRAZING 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 GRAZING 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 GRAZING LANE?

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