4, PADDOCK LANE, REDDITCH, B98 7XP - £272,000

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.

4 PADDOCK LANE is a very small extended detached house of 82m², built sometime between 1976 and 1982, which could now be worth an estimated £281,385. It was last sold for £272,000 in July 2023, which was around 30% below the average July 2023 detached price in the Redditch local authority area. The most recent EPC inspection was April 2023, where the current energy rating was C, and the potential energy rating was B.

4 PADDOCK LANE Sold Prices

Land registry data shows one sale for 4 PADDOCK LANE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average detached price in the Redditch local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2023 20 JUL	£272,000	£389,813	30% below HPI

What might 4 PADDOCK LANE be worth now?

4 PADDOCK LANE might now be worth an estimated £281,385.

This is based on house price inflation of 3.5%, between July 2023 and April 2026, for 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 3.5% inflationary increase is applied to the most recent sale price for 4 PADDOCK LANE of £272,000 on 20th July 2023. For the value to have increased from £272,000 to £281,385 over the three years and three months to April 2026, the following assumptions must hold true:

• The value of 4 PADDOCK LANE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The July 2023 sale price of £272,000 represented a fair market value for the property.
• The size, condition, and specification of 4 PADDOCK LANE has not materially changed since July 2023.

How Large is 4 PADDOCK LANE?

4 PADDOCK LANE is 82m², which includes one extension, according to the EPC inspection conducted in April 2023. 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 4 PADDOCK LANE lies on this distribution: 14% of detached houses are smaller than 4 PADDOCK LANE, and 85% of detached houses are larger. Note that EPC data is not available for all properties in Redditch.

4 PADDOCK LANE: Plot

4 PADDOCK LANE sits on a plot of roughly 0.064 of an acre, or 260m².

Where is 4 PADDOCK LANE?

4 PADDOCK LANE is located in REDDITCH, in the B98 postcode district.