HOMESTEAD, EDGIOAKE LANE, ASTWOOD BANK, REDDITCH, B96 6BQ - £290,000

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

HOMESTEAD is a small detached house of 99m², built sometime between 1967 and 1975. It was last sold for £290,000 in January 2011, which was around 7% below the average January 2011 detached price in the Wychavon local authority area. The most recent EPC inspection was September 2010, where the current energy rating was D, and the potential energy rating was D.

HOMESTEAD Sold Prices

Land registry data shows two sales for HOMESTEAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Wychavon local authority area for the corresponding sale date. Both of the two HOMESTEAD 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
2011 28 JAN	£290,000	£310,935	7% below HPI
1999 6 OCT	£135,000	£138,800	3% below HPI

HOMESTEAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wychavon local authority area over time, sourced from the HPI. The two HOMESTEAD sales from October 1999 and January 2011 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 October 1999 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the January 2011 sale, where it falls to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is HOMESTEAD?

HOMESTEAD is 99m² according to the EPC inspection conducted in September 2010. This puts it in the smallest 30% of detached houses in Astwood Bank, based on EPC data. The below chart shows the distribution of detached houses by size in Astwood Bank, and where HOMESTEAD lies on this distribution: 20% of detached houses are smaller than HOMESTEAD, and 80% of houses are larger. Note that EPC data is not available for all properties in Astwood Bank.

HOMESTEAD: Plot and Title Map

HOMESTEAD sits on a plot of roughly 0.197 of an acre, or 796m². The below map shows the location of HOMESTEAD, 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 HOMESTEAD). 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 HOMESTEAD?

HOMESTEAD is located on EDGIOAKE LANE in ASTWOOD BANK, in the B96 postcode district. The below map shows the position of HOMESTEAD on EDGIOAKE LANE.