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

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

15 FORGE LANE is a very small semi-detached house of 63m², built sometime between 1967 and 1975. It was last sold for £199,950 in November 2015, which was around 40% below the average November 2015 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 detached price in the Lichfield local authority area for the corresponding sale date. All of the three 15 FORGE LANE 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
2015 3 NOV	£199,950	£330,697	40% below HPI
2002 19 JUL	£90,000	£179,380	50% below HPI
1999 2 JUL	£67,500	£122,793	45% below HPI

15 FORGE 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 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 50% below the HPI. So the extrapolation line tracks at 50% below the HPI over time, until the November 2015 sale, where it rises to 40% below the HPI. The line then continues to track at 40% below the HPI.

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 detached houses in Lichfield, based on EPC data. The below chart shows the distribution of detached houses by size in Lichfield, and where 15 FORGE LANE lies on this distribution: 3% of detached 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.