1, GAINSBOROUGH DRIVE, MILE OAK, TAMWORTH, B78 3PJ - £245,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 GAINSBOROUGH DRIVE is a very small detached house of 71m², built sometime between 1976 and 1982. It was last sold for £245,000 in April 2015, which was around 23% below the average April 2015 detached price in the Lichfield local authority area. The most recent EPC inspection was October 2013, where the current energy rating was E, and the potential energy rating was B.

1 GAINSBOROUGH DRIVE Sold Prices

Land registry data shows two sales for 1 GAINSBOROUGH DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Lichfield local authority area for the corresponding sale date. Both of the two 1 GAINSBOROUGH DRIVE 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
2015 17 APR	£245,000	£316,779	23% below HPI
2007 3 AUG	£249,950	£296,494	16% below HPI

1 GAINSBOROUGH DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Lichfield local authority area over time, sourced from the HPI. The two 1 GAINSBOROUGH DRIVE sales from August 2007 and April 2015 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 August 2007 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the April 2015 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 1 GAINSBOROUGH DRIVE?

1 GAINSBOROUGH DRIVE is 71m² according to the EPC inspection conducted in October 2013. This puts it in the smallest 10% of detached houses in Fazeley, based on EPC data. The below chart shows the distribution of detached houses by size in Fazeley, and where 1 GAINSBOROUGH DRIVE lies on this distribution: 7% of detached houses are smaller than 1 GAINSBOROUGH DRIVE, and 93% of houses are larger. Note that EPC data is not available for all properties in Fazeley.

1 GAINSBOROUGH DRIVE: Plot and Title Map

1 GAINSBOROUGH DRIVE sits on a plot of roughly 0.129 of an acre, or 523m². The below map shows the location of 1 GAINSBOROUGH DRIVE, 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 1 GAINSBOROUGH DRIVE). 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 1 GAINSBOROUGH DRIVE?

1 GAINSBOROUGH DRIVE is located in MILE OAK, in the B78 postcode district. The below map shows the position of No. 1 on GAINSBOROUGH DRIVE.