7, FURZE LANE, REDDITCH, B98 0SE - £335,900

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

7 FURZE LANE is a very small detached house of 70m², built sometime between 1983 and 1990. It was last sold for £335,900 in October 2022, which was around 18% below the average October 2022 detached price in the Redditch local authority area. The most recent EPC inspection was March 2022, where the current energy rating was D, and the potential energy rating was B.

7 FURZE LANE Sold Prices

Land registry data shows three sales for 7 FURZE LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Redditch local authority area for the corresponding sale date. All of the three 7 FURZE 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
2022 7 OCT	£335,900	£411,431	18% below HPI
2001 15 MAY	£116,000	£134,167	14% below HPI
1997 5 DEC	£79,950	£97,058	18% below HPI

7 FURZE 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 three 7 FURZE LANE sales between December 1997 and October 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 2001 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the October 2022 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 7 FURZE LANE?

7 FURZE LANE is 70m² according to the EPC inspection conducted in March 2022. 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 7 FURZE LANE lies on this distribution: 5% of detached houses are smaller than 7 FURZE LANE, and 94% of houses are larger. Note that EPC data is not available for all properties in Redditch.

7 FURZE LANE: Plot and Title Map

7 FURZE LANE sits on a plot of roughly 0.084 of an acre, or 338m². The below map shows the location of 7 FURZE 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 7 FURZE 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 7 FURZE LANE?

7 FURZE LANE is located in REDDITCH, in the B98 postcode district. The below map shows the position of No. 7 on FURZE LANE.