5, TURNPIKE LANE, REDDITCH, B97 6UJ - £225,000

5 TURNPIKE LANE is a large detached house of 125m², built sometime between 1996 and 2002. It was last sold for £225,000 in December 2014, which was around 13% below the average December 2014 detached price in the Redditch local authority area. The most recent EPC inspection was May 2014, where the current energy rating was D, and the potential energy rating was C.

5 TURNPIKE LANE Sold Prices

Land registry data shows two sales for 5 TURNPIKE LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Redditch local authority area for the corresponding sale date. One of the two 5 TURNPIKE LANE sales was for below the average price, whilst the other was roughly equal to 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
2014 18 DEC	£225,000	£257,702	13% below HPI
2003 22 AUG	£199,950	£200,647	Close to HPI

5 TURNPIKE 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 two 5 TURNPIKE LANE sales from August 2003 and December 2014 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 2003 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the December 2014 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is 5 TURNPIKE LANE?

5 TURNPIKE LANE is 125m² according to the EPC inspection conducted in May 2014. This puts it in the largest 40% 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 TURNPIKE LANE lies on this distribution: 67% of detached houses are smaller than 5 TURNPIKE LANE, and 33% of houses are larger. Note that EPC data is not available for all properties in Redditch.

5 TURNPIKE LANE: Plot and Title Map

5 TURNPIKE LANE sits on a plot of roughly 0.053 of an acre, or 215m². The below map shows the location of 5 TURNPIKE 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 TURNPIKE 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 TURNPIKE LANE?

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