56, WHEELERS LANE, REDDITCH, B97 6GT - £280,000

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 WHEELERS LANE is a midsized detached house of 112m², built sometime between 2003 and 2006. It was last sold for £280,000 in March 2020, which was around 16% below the average March 2020 detached price in the Redditch local authority area. The most recent EPC inspection was May 2016, where the current energy rating was C, and the potential energy rating was B.

56 WHEELERS LANE Sold Prices

Land registry data shows two sales for 56 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. One of the two 56 WHEELERS LANE sales was for below the average price, whilst the other was 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
2020 27 MAR	£280,000	£333,132	16% below HPI
2004 30 SEP	£234,995	£224,688	5% above HPI

56 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 56 WHEELERS LANE sales from September 2004 and March 2020 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 September 2004 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the March 2020 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 56 WHEELERS LANE?

56 WHEELERS LANE is 112m² according to the EPC inspection conducted in May 2016. 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 56 WHEELERS LANE lies on this distribution: 50% of detached houses are smaller than 56 WHEELERS LANE, and 48% of houses are larger. Note that EPC data is not available for all properties in Redditch.

56 WHEELERS LANE: Plot and Title Map

56 WHEELERS LANE sits on a plot of roughly 0.048 of an acre, or 196m². The below map shows the location of 56 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 56 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 56 WHEELERS LANE?

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