12, PARK ROAD, CHASE TERRACE, BURNTWOOD, WS7 1AE - £163,000

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

12 PARK ROAD is a very small detached house of 64m², built sometime between 1996 and 2002. It was last sold for £163,000 in December 2012, which was around 41% below the average December 2012 detached price in the Lichfield local authority area. The most recent EPC inspection was June 2012, where the current energy rating was D, and the potential energy rating was B.

12 PARK ROAD Sold Prices

Land registry data shows two sales for 12 PARK ROAD 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 12 PARK ROAD 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
2012 20 DEC	£163,000	£274,878	41% below HPI
1998 27 FEB	£71,000	£116,580	39% below HPI

12 PARK ROAD 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 12 PARK ROAD sales from February 1998 and December 2012 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 February 1998 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the December 2012 sale, where it falls to 41% below the HPI. The line then continues to track at 41% below the HPI.

How Large is 12 PARK ROAD?

12 PARK ROAD is 64m² according to the EPC inspection conducted in June 2012. This puts it in the smallest 10% of detached houses in Burntwood, based on EPC data. The below chart shows the distribution of detached houses by size in Burntwood, and where 12 PARK ROAD lies on this distribution: 6% of detached houses are smaller than 12 PARK ROAD, and 94% of houses are larger. Note that EPC data is not available for all properties in Burntwood.

12 PARK ROAD: Plot and Title Map

12 PARK ROAD sits on a plot of roughly 0.097 of an acre, or 393m². The below map shows the location of 12 PARK ROAD, 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 12 PARK ROAD). 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 12 PARK ROAD?

12 PARK ROAD is located in CHASE TERRACE, in the WS7 postcode district. The below map shows the position of No. 12 on PARK ROAD.