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

5 GRAZING LANE is a large extended detached house of 129m², built sometime between 1983 and 1990. It was last sold for £354,000 in May 2018, which was around 12% 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	£316,031	12% above HPI
2002 20 AUG	£193,500	£165,617	17% above HPI
2001 18 JAN	£139,000	£130,439	7% above HPI
1996 30 AUG	£105,000	£88,080	19% 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 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the May 2018 sale, where it falls to 12% above the HPI. The line then continues to track at 12% above the HPI.

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 in Redditch, based on EPC data. The below chart shows the distribution of detached houses by size in Redditch, and where 5 GRAZING LANE lies on this distribution: 71% of detached 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.