53, RIDDING LANE, WEDNESBURY, WS10 9AA - £325,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

53 RIDDING LANE is a very large extended detached house of 145m², built sometime between 1930 and 1949. It was last sold for £325,000 in September 2022, which was around 1% above the average September 2022 detached price in the Sandwell local authority area. The most recent EPC inspection was December 2015, where the current energy rating was D, and the potential energy rating was C.

53 RIDDING LANE Sold Prices

Land registry data shows two sales for 53 RIDDING 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 Sandwell local authority area for the corresponding sale date. Both of the two 53 RIDDING 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
2022 23 SEP	£325,000	£323,001	1% above HPI
1995 26 MAY	£76,000	£64,763	17% above HPI

53 RIDDING LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Sandwell local authority area over time, sourced from the HPI. The two 53 RIDDING LANE sales from May 1995 and September 2022 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 May 1995 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the September 2022 sale, where it falls to 1% above the HPI. The line then continues to track at 1% above the HPI.

How Large is 53 RIDDING LANE?

53 RIDDING LANE is 145m², which includes three extensions, according to the EPC inspection conducted in December 2015. This puts it in the largest 20% of detached houses in Wednesbury, based on EPC data. The below chart shows the distribution of detached houses by size in Wednesbury, and where 53 RIDDING LANE lies on this distribution: 86% of detached houses are smaller than 53 RIDDING LANE, and 14% of houses are larger. Note that EPC data is not available for all properties in Wednesbury.

53 RIDDING LANE: Plot and Title Map

53 RIDDING LANE sits on a plot of roughly 0.107 of an acre, or 434m². The below map shows the location of 53 RIDDING 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 53 RIDDING 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 53 RIDDING LANE?

53 RIDDING LANE is located in WEDNESBURY, in the WS10 postcode district. The below map shows the position of No. 53 on RIDDING LANE.