56, CARTHORSE LANE, REDDITCH, B97 6SZ - £345,000

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

56 CARTHORSE LANE is a small extended detached house of 99m², built sometime between 1991 and 1995. It was last sold for £345,000 in September 2021, which was around 7% below the average September 2021 detached price in the Redditch local authority area. The most recent EPC inspection was August 2021, where the current energy rating was C, and the potential energy rating was B.

56 CARTHORSE LANE Sold Prices

Land registry data shows four sales for 56 CARTHORSE 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 56 CARTHORSE LANE 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
2021 29 SEP	£345,000	£370,637	7% below HPI
2011 15 DEC	£202,500	£225,714	10% below HPI
2004 6 JAN	£188,000	£204,060	8% below HPI
2002 28 MAR	£134,000	£153,427	13% below HPI

56 CARTHORSE 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 56 CARTHORSE LANE sales between March 2002 and September 2021 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 2011 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the September 2021 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is 56 CARTHORSE LANE?

56 CARTHORSE LANE is 99m², which includes one extension, according to the EPC inspection conducted in August 2021. This puts it in the smallest 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 56 CARTHORSE LANE lies on this distribution: 33% of detached houses are smaller than 56 CARTHORSE LANE, and 66% of houses are larger. Note that EPC data is not available for all properties in Redditch.

56 CARTHORSE LANE: Plot and Title Map

56 CARTHORSE LANE sits on a plot of roughly 0.062 of an acre, or 250m². The below map shows the location of 56 CARTHORSE 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 56 CARTHORSE 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 56 CARTHORSE LANE?

56 CARTHORSE LANE is located in REDDITCH, in the B97 postcode district. The below map shows the position of No. 56 on CARTHORSE LANE.