1, OAK LANE, BURNTWOOD, WS7 2HG - £320,000

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.

1 OAK LANE is a midsized detached house of 101m², built sometime between 1983 and 1990, which could now be worth an estimated £368,526. It was last sold for £320,000 in November 2021, which was around 28% below the average November 2021 detached price in the Lichfield local authority area. The most recent EPC inspection was November 2020, where the current energy rating was D, and the potential energy rating was B.

1 OAK LANE Sold Prices

Land registry data shows two sales for 1 OAK LANE 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 OAK LANE 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
2021 26 NOV	£320,000	£442,108	28% below HPI
2021 17 MAR	£236,000	£417,965	44% below HPI

1 OAK LANE 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 OAK LANE sales from March 2021 and November 2021 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 March 2021 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the November 2021 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might 1 OAK LANE be worth now?

1 OAK LANE might now be worth an estimated £368,526.

This is based on house price inflation of 15.2%, between November 2021 and February 2025, for detached houses, in the Lichfield local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 15.2% inflationary increase is applied to the most recent sale price for 1 OAK LANE of £320,000 on 26th November 2021. For the value to have increased from £320,000 to £368,526 over the four years and nine months to February 2025, the following assumptions must hold true:

• The value of 1 OAK LANE has moved in line with the HPI for detached houses in the Lichfield local authority area.
• The November 2021 sale price of £320,000 represented a fair market value for the property.
• The size, condition, and specification of 1 OAK LANE has not materially changed since November 2021.

How Large is 1 OAK LANE?

1 OAK LANE is 101m² according to the EPC inspection conducted in November 2020. This puts it in the smallest 50% of detached houses houses in Burntwood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Burntwood, and where 1 OAK LANE lies on this distribution: 42% of detached houses houses are smaller than 1 OAK LANE, and 57% of houses are larger. Note that EPC data is not available for all properties in Burntwood.

1 OAK LANE: Plot and Title Map

1 OAK LANE sits on a plot of roughly 0.103 of an acre, or 418m². The below map shows the location of 1 OAK LANE, 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 OAK LANE). 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 OAK LANE?

1 OAK LANE is located in BURNTWOOD, in the WS7 postcode district. The below map shows the position of No. 1 on OAK LANE.