5, Shireland Lane
5, Shireland Lane
Description & Estimates
5, Shireland Lane, Redditch is recorded publicly as a modern freehold house across 1,377 ft2 of internal area, sitting on a 277 m2 plot.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of 5, Shireland Lane, Redditch is £373,212 and its rental estimate is £1,575 per month, given the available information and assuming reasonable condition.
Shireland Lane, Redditch, B97 falls within the B97 postal district, in the borough of Redditch.
Our Data Sources
5, Shireland Lane, Redditch has 51 entries in the Land Registry , most recently in June 2016 and a single entry in the EPC database dated July 2015.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 out of 5 and is considered of high accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 5, Shireland Lane, Redditch, we estimate a market value of £391,872 and a rental value of £1,653 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £347,087 and £1,464 per month respectively.
Recent Market Change
Over the last year, 5, Shireland Lane, Redditch has seen its estimated sale value climb by £4,032 (1.1%) and its estimated rental value rise by £55 per month (3.5%). This results in an estimated gross rental yield of 5.1%.
Plot Size
HM Land Registry records the plot of land for 5, Shireland Lane, Redditch as measuring 277 m2.
That makes it the 13th largest plot in the postcode, where all 48 other houses have recorded plot data.
Energy Efficiency
5, Shireland Lane, Redditch has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 14 Jul 2015.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 5, Shireland Lane, Redditch completed on 17th June 2016 at £255,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold 5 times.
Values of comparable properties have risen by 47.1% over the period since June 2016.
- Sold Jun 2016£255,000
- Sold Aug 2008£218,000
- Sold Mar 2003£192,950
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 5, Shireland Lane, Redditch have sold within a radius of 680 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 20th November 2024, was 8, Shireland Lane, Redditch, B97 6UB, a freehold house which sold for £375,000.
Read more about house prices in B97.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 52 addresses on Shireland Lane, Redditch, B97, 5, Shireland Lane, Redditch comes out as the 4th largest and the 6th most expensive in our analysis of the public data.
It is also £58k more expensive than the average property across the B97 district.
More reading links
Schools Nearby
- 600mBatchley First and Nursery School
- 1.2kmOur Lady of Mount Carmel Catholic First School
- 1.3kmWebheath Academy Primary School
- 2.4kmTrinity High School and Sixth Form Centre
- 4.2kmSt Augustine's Catholic High School
- 5.1kmTudor Grange Academy Redditch
More reading links
Public Transport Nearby
From 5, Shireland Lane, Redditch, the nearest station is Redditch, 1.7 kilometres away.
- 1.7kmRedditch
- 4.1kmAlvechurch
- 5.5kmBromsgrove
Available Internet Speeds
Broadband here reaches ultrafast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
