5, WHEELERS LANE, REDDITCH, B97 6GT - £445,000

5 WHEELERS LANE is a very large detached house of 198m², built sometime between 2003 and 2006. It was last sold for £445,000 in July 2023, which was around 10% above the average July 2023 detached price in the Redditch local authority area. The most recent EPC inspection was October 2022, where the current energy rating was C, and the potential energy rating was B.

5 WHEELERS LANE Sold Prices

Land registry data shows two sales for 5 WHEELERS 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. Both of the two 5 WHEELERS 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
2023 26 JUL	£445,000	£404,509	10% above HPI
2003 31 OCT	£294,995	£201,400	46% above HPI

5 WHEELERS 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 WHEELERS LANE sales from October 2003 and July 2023 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 October 2003 sale was for 46% above the HPI. So the extrapolation line tracks at 46% above the HPI over time, until the July 2023 sale, where it falls to 10% above the HPI. The line then continues to track at 10% above the HPI.

How Large is 5 WHEELERS LANE?

5 WHEELERS LANE is 198m² according to the EPC inspection conducted in October 2022. 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 WHEELERS LANE lies on this distribution: 97% of detached houses are smaller than 5 WHEELERS LANE, and 3% of houses are larger. Note that EPC data is not available for all properties in Redditch.

5 WHEELERS LANE: Plot and Title Map

5 WHEELERS LANE sits on a plot of roughly 0.108 of an acre, or 436m². The below map shows the location of 5 WHEELERS 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 WHEELERS 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 WHEELERS LANE?

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