51, THE MEADWAY, REDDITCH, B97 5AB - £232,500

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

51 THE MEADWAY is a midsized extended detached house of 114m², built sometime between 1950 and 1966. It was last sold for £232,500 in July 2006, which was around 2% below the average July 2006 detached price in the Redditch local authority area. The most recent EPC inspection was November 2013, where the current energy rating was E, and the potential energy rating was C.

51 THE MEADWAY Sold Prices

Land registry data shows two sales for 51 THE MEADWAY 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 51 THE MEADWAY sales were for below 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
2006 7 JUL	£232,500	£238,116	2% below HPI
1995 1 DEC	£63,000	£88,487	29% below HPI

51 THE MEADWAY 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 51 THE MEADWAY sales from December 1995 and July 2006 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 December 1995 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the July 2006 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

How Large is 51 THE MEADWAY?

51 THE MEADWAY is 114m², which includes one extension, according to the EPC inspection conducted in November 2013. This puts it in the largest 50% of detached houses in Redditch, based on EPC data. The below chart shows the distribution of detached houses by size in Redditch, and where 51 THE MEADWAY lies on this distribution: 54% of detached houses are smaller than 51 THE MEADWAY, and 45% of houses are larger. Note that EPC data is not available for all properties in Redditch.

51 THE MEADWAY: Plot and Title Map

51 THE MEADWAY sits on a plot of roughly 0.101 of an acre, or 408m². The below map shows the location of 51 THE MEADWAY, 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 51 THE MEADWAY). 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 51 THE MEADWAY?

51 THE MEADWAY is located in REDDITCH, in the B97 postcode district. The below map shows the position of No. 51 on THE MEADWAY.