10, TURNPIKE LANE, REDDITCH, B97 6UJ - £270,500

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.

10 TURNPIKE LANE is a very small terraced house of 69m², built sometime between 1996 and 2002, which could now be worth an estimated £278,746. It was last sold for £270,500 in May 2024, which was around 38% above the average May 2024 terraced price in the Redditch local authority area. The most recent EPC inspection was November 2023, where the current energy rating was C, and the potential energy rating was B.

10 TURNPIKE LANE Sold Prices

Land registry data shows four sales for 10 TURNPIKE LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Redditch local authority area for the corresponding sale date. All of the four 10 TURNPIKE 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
2024 22 MAY	£270,500	£196,660	38% above HPI
2019 25 JAN	£195,000	£155,207	26% above HPI
2006 18 AUG	£152,000	£115,416	32% above HPI
2002 14 NOV	£113,995	£75,101	52% above HPI

10 TURNPIKE LANE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Redditch local authority area over time, sourced from the HPI. The four 10 TURNPIKE LANE sales between November 2002 and May 2024 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 January 2019 sale was for 26% above the HPI. So the extrapolation line tracks at 26% above the HPI over time, until the May 2024 sale, where it rises to 38% above the HPI. The line then continues to track at 38% above the HPI.

What might 10 TURNPIKE LANE be worth now?

10 TURNPIKE LANE might now be worth an estimated £278,746.

This is based on house price inflation of 3%, between May 2024 and May 2026, for terraced 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 3% inflationary increase is applied to the most recent sale price for 10 TURNPIKE LANE of £270,500 on 22nd May 2024. For the value to have increased from £270,500 to £278,746 over the two years to May 2026, the following assumptions must hold true:

• The value of 10 TURNPIKE LANE has moved in line with the HPI for terraced houses in the Redditch local authority area.
• The May 2024 sale price of £270,500 represented a fair market value for the property.
• The size, condition, and specification of 10 TURNPIKE LANE has not materially changed since May 2024.

How Large is 10 TURNPIKE LANE?

10 TURNPIKE LANE is 69m² according to the EPC inspection conducted in November 2023. This puts it in the smallest 10% of terraced houses houses in Redditch, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Redditch, and where 10 TURNPIKE LANE lies on this distribution: 5% of terraced houses houses are smaller than 10 TURNPIKE LANE, and 95% of houses are larger. Note that EPC data is not available for all properties in Redditch.

10 TURNPIKE LANE: Plot and Title Map

10 TURNPIKE LANE sits on a plot of roughly 0.051 of an acre, or 206m². The below map shows the location of 10 TURNPIKE 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 10 TURNPIKE 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 10 TURNPIKE LANE?

10 TURNPIKE LANE is located in REDDITCH, in the B97 postcode district. The below map shows the position of No. 10 on TURNPIKE LANE.