9, GRAZING LANE, REDDITCH, B97 5PE - £425,000

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

9 GRAZING LANE is a very large extended detached house of 170m², built sometime between 1983 and 1990. It was last sold for £425,000 in January 2021, which was around 19% above the average January 2021 detached price in the Redditch local authority area. The most recent EPC inspection was July 2020, where the current energy rating was C, and the potential energy rating was B.

9 GRAZING LANE Sold Prices

Land registry data shows two sales for 9 GRAZING 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 9 GRAZING 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
2021 8 JAN	£425,000	£358,139	19% above HPI
1996 19 AUG	£112,500	£88,080	28% above HPI

9 GRAZING 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 9 GRAZING LANE sales from August 1996 and January 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 August 1996 sale was for 28% above the HPI. So the extrapolation line tracks at 28% above the HPI over time, until the January 2021 sale, where it falls to 19% above the HPI. The line then continues to track at 19% above the HPI.

How Large is 9 GRAZING LANE?

9 GRAZING LANE is 170m², which includes one extension, according to the EPC inspection conducted in July 2020. 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 9 GRAZING LANE lies on this distribution: 93% of detached houses are smaller than 9 GRAZING LANE, and 7% of houses are larger. Note that EPC data is not available for all properties in Redditch.

9 GRAZING LANE: Plot and Title Map

9 GRAZING LANE sits on a plot of roughly 0.158 of an acre, or 640m². The below map shows the location of 9 GRAZING 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 GRAZING 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 GRAZING LANE?

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