1, MILL WAY, LONGDON, RUGELEY, WS15 4PF - £275,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 MILL WAY is a midsized extended semi-detached house of 116m², built sometime between 1967 and 1975. It was last sold for £275,000 in August 2017, which was around 24% below the average August 2017 detached price in the Lichfield local authority area. The most recent EPC inspection was May 2017, where the current energy rating was C, and the potential energy rating was B.

1 MILL WAY Sold Prices

Land registry data shows five sales for 1 MILL WAY since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Lichfield local authority area for the corresponding sale date. Most of the five 1 MILL WAY 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
2017 25 AUG	£275,000	£359,992	24% below HPI
2009 20 MAY	£239,950	£252,361	5% below HPI
2003 29 AUG	£185,000	£216,957	15% below HPI
2001 20 APR	£135,000	£150,994	11% below HPI
1997 17 JAN	£109,500	£95,967	14% above HPI

1 MILL WAY 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 five 1 MILL WAY sales between January 1997 and August 2017 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 May 2009 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the August 2017 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 1 MILL WAY?

1 MILL WAY is 116m², which includes two extensions, according to the EPC inspection conducted in May 2017. This puts it in the smallest 50% of detached houses in Longdon, based on EPC data. The below chart shows the distribution of detached houses by size in Longdon, and where 1 MILL WAY lies on this distribution: 47% of detached houses are smaller than 1 MILL WAY, and 53% of houses are larger. Note that EPC data is not available for all properties in Longdon.

1 MILL WAY: Plot and Title Map

1 MILL WAY sits on a plot of roughly 16.1 acres, or 65,149m². The below map shows the location of 1 MILL WAY, 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 MILL WAY). 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 MILL WAY?

1 MILL WAY is located in LONGDON, in the WS15 postcode district. The below map shows the position of No. 1 on MILL WAY.