9, ALDERMANS LANE, REDDITCH, B97 6TJ - £402,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

9 ALDERMANS LANE is a small detached house of 100m², built sometime between 1996 and 2002, which could now be worth an estimated £391,113. It was last sold for £402,500 in August 2023, which was around 3% above the average August 2023 detached price in the Redditch local authority area. The most recent EPC inspection was March 2023, where the current energy rating was C, and the potential energy rating was B.

9 ALDERMANS LANE Sold Prices

Land registry data shows four sales for 9 ALDERMANS LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Redditch local authority area for the corresponding sale date. two of the four 9 ALDERMANS LANE sales were for above the average price, and four 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
2023 29 AUG	£402,500	£391,854	3% above HPI
2010 26 MAR	£211,000	£223,656	6% below HPI
2001 19 OCT	£137,000	£141,135	3% below HPI
1999 28 MAY	£109,995	£102,149	8% above HPI

9 ALDERMANS 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 four 9 ALDERMANS LANE sales between May 1999 and August 2023 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 2010 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the August 2023 sale, where it rises to 3% above the HPI. The line then continues to track at 3% above the HPI.

What might 9 ALDERMANS LANE be worth now?

9 ALDERMANS LANE might now be worth an estimated £391,113.

This is based on house price deflation of 2.8%, between August 2023 and February 2025, for detached houses, in the Redditch local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2.8% deflationary decrease is applied to the most recent sale price for 9 ALDERMANS LANE of £402,500 on 29th August 2023. For the value to have decreased from £402,500 to £391,113 over the two years and six months to February 2025, the following assumptions must hold true:

• The value of 9 ALDERMANS LANE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The August 2023 sale price of £402,500 represented a fair market value for the property.
• The size, condition, and specification of 9 ALDERMANS LANE has not materially changed since August 2023.

How Large is 9 ALDERMANS LANE?

9 ALDERMANS LANE is 100m² according to the EPC inspection conducted in March 2023. This puts it in the smallest 40% of detached houses houses in Redditch, based on EPC data. The below chart shows the distribution of detached houses houses by size in Redditch, and where 9 ALDERMANS LANE lies on this distribution: 35% of detached houses houses are smaller than 9 ALDERMANS LANE, and 63% of houses are larger. Note that EPC data is not available for all properties in Redditch.

9 ALDERMANS LANE: Plot and Title Map

9 ALDERMANS LANE sits on a plot of roughly 0.084 of an acre, or 341m². The below map shows the location of 9 ALDERMANS 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 9 ALDERMANS 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 9 ALDERMANS LANE?

9 ALDERMANS LANE is located in REDDITCH, in the B97 postcode district. The below map shows the position of No. 9 on ALDERMANS LANE.