116, GAIA LANE, LICHFIELD, WS13 7LS - £675,000

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

116 GAIA LANE is a large extended detached house of 151m², built sometime between 1900 and 1929. It was last sold for £675,000 in June 2024, which was around 43% above the average June 2024 detached price in the Lichfield local authority area. The most recent EPC inspection was December 2023, where the current energy rating was D, and the potential energy rating was B.

116 GAIA LANE Sold Prices

Land registry data shows four sales for 116 GAIA LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Lichfield local authority area for the corresponding sale date. All of the four 116 GAIA LANE 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
2024 13 JUN	£675,000	£472,232	43% above HPI
2006 3 MAY	£350,000	£268,176	31% above HPI
2004 6 JAN	£295,000	£227,290	30% above HPI
1996 1 MAR	£120,000	£92,137	30% above HPI

116 GAIA 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 four 116 GAIA LANE sales between March 1996 and June 2024 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 2006 sale was for 31% above the HPI. So the extrapolation line tracks at 31% above the HPI over time, until the June 2024 sale, where it rises to 43% above the HPI. The line then continues to track at 43% above the HPI.

How Large is 116 GAIA LANE?

116 GAIA LANE is 151m², which includes one extension, according to the EPC inspection conducted in December 2023. This puts it in the largest 30% of detached houses in Lichfield, based on EPC data. The below chart shows the distribution of detached houses by size in Lichfield, and where 116 GAIA LANE lies on this distribution: 74% of detached houses are smaller than 116 GAIA LANE, and 25% of houses are larger. Note that EPC data is not available for all properties in Lichfield.

116 GAIA LANE: Plot and Title Map

116 GAIA LANE sits on a plot of roughly 0.065 of an acre, or 261m². The below map shows the location of 116 GAIA 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 116 GAIA 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 116 GAIA LANE?

116 GAIA LANE is located in LICHFIELD, in the WS13 postcode district. The below map shows the position of No. 116 on GAIA LANE.