7, MARLPIT LANE, REDDITCH, B97 5AN - £480,000

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

7 MARLPIT LANE is a very large extended detached house of 141m², built sometime between 1967 and 1975. It was last sold for £480,000 in August 2015, which was around 72% above the average August 2015 detached price in the Redditch local authority area. The most recent EPC inspection was July 2014, where the current energy rating was D, and the potential energy rating was C.

7 MARLPIT LANE Sold Prices

Land registry data shows two sales for 7 MARLPIT 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. Both of the two 7 MARLPIT 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
2015 3 AUG	£480,000	£278,921	72% above HPI
2009 13 FEB	£297,500	£216,579	37% above HPI

7 MARLPIT 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 7 MARLPIT LANE sales from February 2009 and August 2015 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 February 2009 sale was for 37% above the HPI. So the extrapolation line tracks at 37% above the HPI over time, until the August 2015 sale, where it rises to 72% above the HPI. The line then continues to track at 72% above the HPI.

How Large is 7 MARLPIT LANE?

7 MARLPIT LANE is 141m², which includes three extensions, according to the EPC inspection conducted in July 2014. This puts it in the largest 20% 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 MARLPIT LANE lies on this distribution: 82% of detached houses are smaller than 7 MARLPIT LANE, and 18% of houses are larger. Note that EPC data is not available for all properties in Redditch.

7 MARLPIT LANE: Plot and Title Map

7 MARLPIT LANE sits on a plot of roughly 0.263 of an acre, or 1,065m². The below map shows the location of 7 MARLPIT 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 MARLPIT 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 MARLPIT LANE?

7 MARLPIT LANE is located in REDDITCH, in the B97 postcode district. The below map shows the position of No. 7 on MARLPIT LANE.