7, TURNPIKE LANE, REDDITCH, B97 6UJ - £310,000

7 TURNPIKE LANE is a very small detached house of 87m², built sometime between 1996 and 2002. It was last sold for £310,000 in August 2022, which was around 24% below the average August 2022 detached price in the Redditch local authority area. The most recent EPC inspection was June 2022, where the current energy rating was D, and the potential energy rating was B.

7 TURNPIKE LANE Sold Prices

Land registry data shows three sales for 7 TURNPIKE LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Redditch local authority area for the corresponding sale date. All of the three 7 TURNPIKE 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
2022 26 AUG	£310,000	£407,817	24% below HPI
2007 15 JUN	£217,950	£248,353	12% below HPI
2002 13 DEC	£160,995	£188,701	15% below HPI

7 TURNPIKE 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 three 7 TURNPIKE LANE sales between December 2002 and August 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 June 2007 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the August 2022 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 7 TURNPIKE LANE?

7 TURNPIKE LANE is 87m² according to the EPC inspection conducted in June 2022. This puts it in the smallest 20% of detached houses in Redditch, based on EPC data. The below chart shows the distribution of detached houses by size in Redditch, and where 7 TURNPIKE LANE lies on this distribution: 19% of detached houses are smaller than 7 TURNPIKE LANE, and 80% of houses are larger. Note that EPC data is not available for all properties in Redditch.

7 TURNPIKE LANE: Plot and Title Map

7 TURNPIKE LANE sits on a plot of roughly 0.060 of an acre, or 242m². The below map shows the location of 7 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 7 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 7 TURNPIKE LANE?

7 TURNPIKE LANE is located in REDDITCH, in the B97 postcode district. The below map shows the position of No. 7 on TURNPIKE LANE.