14, GORSTEY LEA, BURNTWOOD, WS7 9BG - £245,000

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.

14 GORSTEY LEA is a very small semi-detached house of 74m², built sometime between 1967 and 1975, which could now be worth an estimated £299,731. It was last sold for £245,000 in September 2021, which was around 2% below the average September 2021 semi-detached price in the Lichfield local authority area. The most recent EPC inspection was June 2021, where the current energy rating was C, and the potential energy rating was B.

14 GORSTEY LEA Sold Prices

Land registry data shows four sales for 14 GORSTEY LEA since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Lichfield local authority area for the corresponding sale date. All of the four 14 GORSTEY LEA 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 28 SEP	£245,000	£249,213	2% below HPI
2004 12 MAR	£127,800	£136,143	6% below HPI
2001 18 JUL	£78,000	£87,674	11% below HPI
1995 18 DEC	£44,000	£55,637	21% below HPI

14 GORSTEY LEA Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Lichfield local authority area over time, sourced from the HPI. The four 14 GORSTEY LEA sales between December 1995 and September 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 2004 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the September 2021 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might 14 GORSTEY LEA be worth now?

14 GORSTEY LEA might now be worth an estimated £299,731.

This is based on house price inflation of 22.3%, between September 2021 and February 2025, for semi-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 22.3% inflationary increase is applied to the most recent sale price for 14 GORSTEY LEA of £245,000 on 28th September 2021. For the value to have increased from £245,000 to £299,731 over the four years and seven months to February 2025, the following assumptions must hold true:

• The value of 14 GORSTEY LEA has moved in line with the HPI for semi-detached houses in the Lichfield local authority area.
• The September 2021 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 14 GORSTEY LEA has not materially changed since September 2021.

How Large is 14 GORSTEY LEA?

14 GORSTEY LEA is 74m² according to the EPC inspection conducted in June 2021. This puts it in the smallest 20% of semi-detached houses houses in Burntwood, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Burntwood, and where 14 GORSTEY LEA lies on this distribution: 12% of semi-detached houses houses are smaller than 14 GORSTEY LEA, and 87% of houses are larger. Note that EPC data is not available for all properties in Burntwood.

14 GORSTEY LEA: Plot and Title Map

14 GORSTEY LEA sits on a plot of roughly 0.059 of an acre, or 240m². The below map shows the location of 14 GORSTEY LEA, 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 14 GORSTEY LEA). 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 14 GORSTEY LEA?

14 GORSTEY LEA is located in BURNTWOOD, in the WS7 postcode district. The below map shows the position of No. 14 on GORSTEY LEA.