56, THE MEADWAY, REDDITCH, B97 5AD - £150,000

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

56 THE MEADWAY is a very small semi-detached house of 62m², built sometime between 1930 and 1949. It was last sold for £150,000 in March 2011, which was around 35% below the average March 2011 detached price in the Redditch local authority area. The most recent EPC inspection was August 2010, where the current energy rating was C, and the potential energy rating was C.

56 THE MEADWAY Sold Prices

Land registry data shows two sales for 56 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 56 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
2011 11 MAR	£150,000	£232,022	35% below HPI
2006 10 NOV	£156,950	£246,809	36% below HPI

56 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 56 THE MEADWAY sales from November 2006 and March 2011 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 November 2006 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the March 2011 sale, where it rises to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is 56 THE MEADWAY?

56 THE MEADWAY is 62m² according to the EPC inspection conducted in August 2010. This puts it in the smallest 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 56 THE MEADWAY lies on this distribution: 2% of detached houses are smaller than 56 THE MEADWAY, and 98% of houses are larger. Note that EPC data is not available for all properties in Redditch.

56 THE MEADWAY: Plot and Title Map

56 THE MEADWAY sits on a plot of roughly 0.074 of an acre, or 301m². The below map shows the location of 56 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 56 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 56 THE MEADWAY?

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