1, THORPE DRIVE, FRADLEY, LICHFIELD, WS13 8RN - £935,000

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 THORPE DRIVE is a very large detached house of 322m², built sometime between 2003 and 2006. It was last sold for £935,000 in May 2023, which was around 106% above the average May 2023 detached price in the Lichfield local authority area. The most recent EPC inspection was March 2013, where the current energy rating was C, and the potential energy rating was B.

1 THORPE DRIVE Sold Prices

Land registry data shows three sales for 1 THORPE DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Lichfield local authority area for the corresponding sale date. All of the three 1 THORPE DRIVE sales were 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
2023 10 MAY	£935,000	£453,297	106% above HPI
2018 8 AUG	£730,000	£378,840	93% above HPI
2004 11 MAR	£498,000	£229,169	117% above HPI

1 THORPE 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 three 1 THORPE DRIVE sales between March 2004 and May 2023 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 2018 sale was for 93% above the HPI. So the extrapolation line tracks at 93% above the HPI over time, until the May 2023 sale, where it rises to 106% above the HPI. The line then continues to track at 106% above the HPI.

How Large is 1 THORPE DRIVE?

1 THORPE DRIVE is 322m² according to the EPC inspection conducted in March 2013. This puts it in the largest 10% of detached houses in Fradley, based on EPC data. The below chart shows the distribution of detached houses by size in Fradley, and where 1 THORPE DRIVE lies on this distribution: 99% of detached houses are smaller than 1 THORPE DRIVE, and 1% of houses are larger. Note that EPC data is not available for all properties in Fradley.

1 THORPE DRIVE: Plot and Title Map

1 THORPE DRIVE sits on a plot of roughly 0.220 of an acre, or 892m². The below map shows the location of 1 THORPE 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 THORPE 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 THORPE DRIVE?

1 THORPE DRIVE is located in FRADLEY, in the WS13 postcode district. The below map shows the position of No. 1 on THORPE DRIVE.