THE THATCH, FOXLYDIATE LANE, REDDITCH, B97 5PB - £140,000

THE THATCH is a very small extended detached house of 69m², built sometime before 1900. It was last sold for £140,000 in January 2003, which was around 24% below the average January 2003 detached price in the Redditch local authority area. The most recent EPC inspection was January 2009, where the current energy rating was E, and the potential energy rating was D.

THE THATCH Sold Prices

Land registry data shows two sales for THE THATCH 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. One of the two THE THATCH sales was for below the average price, whilst the other was 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
2003 6 JAN	£140,000	£183,693	24% below HPI
1998 27 OCT	£120,000	£104,176	15% above HPI

THE THATCH 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 THE THATCH sales from October 1998 and January 2003 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 October 1998 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the January 2003 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is THE THATCH?

THE THATCH is 69m², which includes two extensions, according to the EPC inspection conducted in January 2009. This puts it in the smallest 10% of detached houses in Redditch, based on EPC data. The below chart shows the distribution of detached houses by size in Redditch, and where THE THATCH lies on this distribution: 5% of detached houses are smaller than THE THATCH, and 95% of houses are larger. Note that EPC data is not available for all properties in Redditch.

THE THATCH: Plot and Title Map

THE THATCH sits on a plot of roughly 0.097 of an acre, or 391m². The below map shows the location of THE THATCH, 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 THE THATCH). 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 THE THATCH?

THE THATCH is located on FOXLYDIATE LANE in REDDITCH, in the B97 postcode district. The below map shows the position of THE THATCH on FOXLYDIATE LANE.