8, MORTON LANE, REDDITCH, B97 5QA - £490,000

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

8 MORTON LANE is a very large detached house of 197m², built sometime between 1996 and 2002. It was last sold for £490,000 in August 2021, which was around 33% above the average August 2021 detached price in the Redditch local authority area. The most recent EPC inspection was December 2015, where the current energy rating was C, and the potential energy rating was C.

8 MORTON LANE Sold Prices

Land registry data shows three sales for 8 MORTON 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. Two of the three 8 MORTON LANE sales were for above the average price, whilst one was 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 20 AUG	£490,000	£367,183	33% above HPI
2006 8 MAR	£93,850	£229,093	59% below HPI
2002 19 AUG	£298,750	£165,617	80% above HPI

8 MORTON 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 8 MORTON LANE sales between August 2002 and August 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 March 2006 sale was for 59% below the HPI. So the extrapolation line tracks at 59% below the HPI over time, until the August 2021 sale, where it rises to 33% above the HPI. The line then continues to track at 33% above the HPI.

How Large is 8 MORTON LANE?

8 MORTON LANE is 197m² according to the EPC inspection conducted in December 2015. This puts it in the largest 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 8 MORTON LANE lies on this distribution: 97% of detached houses are smaller than 8 MORTON LANE, and 3% of houses are larger. Note that EPC data is not available for all properties in Redditch.

8 MORTON LANE: Plot and Title Map

8 MORTON LANE sits on a plot of roughly 0.268 of an acre, or 1,085m². The below map shows the location of 8 MORTON 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 8 MORTON 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 8 MORTON LANE?

8 MORTON LANE is located in REDDITCH, in the B97 postcode district. The below map shows the position of No. 8 on MORTON LANE.