15, KITE LANE, REDDITCH, B97 6TT - £225,000

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.

15 KITE LANE is a very small semi-detached house of 58m², built sometime between 1996 and 2002, which could now be worth an estimated £229,427. It was last sold for £225,000 in November 2022, which was around 9% below the average November 2022 semi-detached price in the Redditch local authority area. The most recent EPC inspection was December 2021, where the current energy rating was C, and the potential energy rating was B.

15 KITE LANE Sold Prices

Land registry data shows three sales for 15 KITE LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Redditch local authority area for the corresponding sale date. One of the three 15 KITE LANE sales was for below the average price, whilst two 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
2022 18 NOV	£225,000	£248,402	9% below HPI
2007 27 JUL	£153,000	£150,821	1% above HPI
2001 30 MAR	£86,895	£72,344	20% above HPI

15 KITE LANE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Redditch local authority area over time, sourced from the HPI. The three 15 KITE LANE sales between March 2001 and November 2022 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 July 2007 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the November 2022 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might 15 KITE LANE be worth now?

15 KITE LANE might now be worth an estimated £229,427.

This is based on house price inflation of 2%, between November 2022 and May 2026, for semi-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% inflationary increase is applied to the most recent sale price for 15 KITE LANE of £225,000 on 18th November 2022. For the value to have increased from £225,000 to £229,427 over the four years and six months to May 2026, the following assumptions must hold true:

• The value of 15 KITE LANE has moved in line with the HPI for semi-detached houses in the Redditch local authority area.
• The November 2022 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 15 KITE LANE has not materially changed since November 2022.

How Large is 15 KITE LANE?

15 KITE LANE is 58m² according to the EPC inspection conducted in December 2021. This puts it in the smallest 10% of semi-detached houses houses in Redditch, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Redditch, and where 15 KITE LANE lies on this distribution: 2% of semi-detached houses houses are smaller than 15 KITE LANE, and 98% of houses are larger. Note that EPC data is not available for all properties in Redditch.

15 KITE LANE: Plot and Title Map

15 KITE LANE sits on a plot of roughly 0.042 of an acre, or 168m². The below map shows the location of 15 KITE 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 15 KITE 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 15 KITE LANE?

15 KITE LANE is located in REDDITCH, in the B97 postcode district. The below map shows the position of No. 15 on KITE LANE.