15, FORGE LANE, LICHFIELD, WS13 7BE - £199,950

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

15 FORGE LANE is a very small semi-detached house of 63m², built sometime between 1967 and 1975, which could now be worth an estimated £313,746. It was last sold for £199,950 in November 2015, which was around 2% above the average November 2015 semi-detached price in the Lichfield local authority area. The most recent EPC inspection was March 2015, where the current energy rating was D, and the potential energy rating was B.

15 FORGE LANE Sold Prices

Land registry data shows three sales for 15 FORGE LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Lichfield local authority area for the corresponding sale date. One of the three 15 FORGE LANE sales was for above the average price, whilst two 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
2015 3 NOV	£199,950	£196,861	2% above HPI
2002 19 JUL	£90,000	£102,183	12% below HPI
1999 2 JUL	£67,500	£70,159	4% below HPI

15 FORGE LANE 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 three 15 FORGE LANE sales between July 1999 and November 2015 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 July 2002 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the November 2015 sale, where it rises to 2% above the HPI. The line then continues to track at 2% above the HPI.

What might 15 FORGE LANE be worth now?

15 FORGE LANE might now be worth an estimated £313,746.

This is based on house price inflation of 56.9%, between November 2015 and December 2024, 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 56.9% inflationary increase is applied to the most recent sale price for 15 FORGE LANE of £199,950 on 3rd November 2015. For the value to have increased from £199,950 to £313,746 over the eight years and eleven months to December 2024, the following assumptions must hold true:

• The value of 15 FORGE LANE has moved in line with the HPI for semi-detached houses in the Lichfield local authority area.
• The November 2015 sale price of £199,950 represented a fair market value for the property.
• The size, condition, and specification of 15 FORGE LANE has not materially changed since November 2015.

How Large is 15 FORGE LANE?

15 FORGE LANE is 63m² according to the EPC inspection conducted in March 2015. This puts it in the smallest 10% of semi-detached houses houses in Lichfield, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Lichfield, and where 15 FORGE LANE lies on this distribution: 3% of semi-detached houses houses are smaller than 15 FORGE LANE, and 97% of houses are larger. Note that EPC data is not available for all properties in Lichfield.

15 FORGE LANE: Plot and Title Map

15 FORGE LANE sits on a plot of roughly 0.040 of an acre, or 161m². The below map shows the location of 15 FORGE 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 15 FORGE 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 15 FORGE LANE?

15 FORGE LANE is located in LICHFIELD, in the WS13 postcode district. The below map shows the position of No. 15 on FORGE LANE.