5, FURZE LANE, REDDITCH, B98 0SE - £285,000

5 FURZE LANE is a small extended detached house of 101m², built sometime between 1983 and 1990. It was last sold for £285,000 in October 2020, which was around 18% below the average October 2020 detached price in the Redditch local authority area. The most recent EPC inspection was November 2019, where the current energy rating was D, and the potential energy rating was B.

5 FURZE LANE Sold Prices

Land registry data shows two sales for 5 FURZE 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 5 FURZE LANE 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
2020 23 OCT	£285,000	£348,777	18% below HPI
2016 30 MAR	£240,000	£285,889	16% below HPI

5 FURZE 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 5 FURZE LANE sales from March 2016 and October 2020 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 March 2016 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the October 2020 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 5 FURZE LANE?

5 FURZE LANE is 101m², which includes one extension, according to the EPC inspection conducted in November 2019. This puts it in the smallest 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 5 FURZE LANE lies on this distribution: 37% of detached houses are smaller than 5 FURZE LANE, and 62% of houses are larger. Note that EPC data is not available for all properties in Redditch.

5 FURZE LANE: Plot and Title Map

5 FURZE LANE sits on a plot of roughly 0.080 of an acre, or 322m². The below map shows the location of 5 FURZE 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 5 FURZE 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 5 FURZE LANE?

5 FURZE LANE is located in REDDITCH, in the B98 postcode district. The below map shows the position of No. 5 on FURZE LANE.