IPSLEY MILL BARN, IPSLEY CHURCH LANE, REDDITCH, B98 0AJ - £535,000

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

IPSLEY MILL BARN is a midsized extended detached house of 119m², built sometime before 1900. It was last sold for £535,000 in October 2023, which was around 30% above the average October 2023 detached price in the Redditch local authority area. The most recent EPC inspection was January 2022, where the current energy rating was E, and the potential energy rating was B.

IPSLEY MILL BARN Sold Prices

Land registry data shows two sales for IPSLEY MILL BARN 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 IPSLEY MILL BARN 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
2023 20 OCT	£535,000	£410,615	30% above HPI
2022 23 SEP	£600,000	£413,661	45% above HPI

IPSLEY MILL BARN 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 IPSLEY MILL BARN sales from September 2022 and October 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 September 2022 sale was for 45% above the HPI. So the extrapolation line tracks at 45% above the HPI over time, until the October 2023 sale, where it falls to 30% above the HPI. The line then continues to track at 30% above the HPI.

How Large is IPSLEY MILL BARN?

IPSLEY MILL BARN is 119m², which includes two extensions, according to the EPC inspection conducted in January 2022. This puts it in the largest 40% of detached houses in Redditch, based on EPC data. The below chart shows the distribution of detached houses by size in Redditch, and where IPSLEY MILL BARN lies on this distribution: 60% of detached houses are smaller than IPSLEY MILL BARN, and 39% of houses are larger. Note that EPC data is not available for all properties in Redditch.

IPSLEY MILL BARN: Plot and Title Map

IPSLEY MILL BARN sits on a plot of roughly 0.383 of an acre, or 1,549m². The below map shows the location of IPSLEY MILL BARN, 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 IPSLEY MILL BARN). 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 IPSLEY MILL BARN?

IPSLEY MILL BARN is located on IPSLEY CHURCH LANE in REDDITCH, in the B98 postcode district. The below map shows the position of IPSLEY MILL BARN on IPSLEY CHURCH LANE.