15, GORSTY BANK, LICHFIELD, WS14 9UB - £335,000

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.

15 GORSTY BANK is a small detached house of 90m², built sometime between 1967 and 1975, which could now be worth an estimated £434,950. It was last sold for £335,000 in July 2020, which was around 15% below the average July 2020 detached price in the Lichfield local authority area. The most recent EPC inspection was January 2013, where the current energy rating was D, and the potential energy rating was C.

15 GORSTY BANK Sold Prices

Land registry data shows three sales for 15 GORSTY BANK 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 GORSTY BANK 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
2020 27 JUL	£335,000	£392,150	15% below HPI
2016 15 MAR	£270,000	£330,260	18% below HPI
1999 30 APR	£87,500	£122,822	29% below HPI

15 GORSTY BANK 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 GORSTY BANK sales between April 1999 and July 2020 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 2016 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the July 2020 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 15 GORSTY BANK be worth now?

15 GORSTY BANK might now be worth an estimated £434,950.

This is based on house price inflation of 29.8%, between July 2020 and February 2025, for 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 29.8% inflationary increase is applied to the most recent sale price for 15 GORSTY BANK of £335,000 on 27th July 2020. For the value to have increased from £335,000 to £434,950 over the five years and five months to February 2025, the following assumptions must hold true:

• The value of 15 GORSTY BANK has moved in line with the HPI for detached houses in the Lichfield local authority area.
• The July 2020 sale price of £335,000 represented a fair market value for the property.
• The size, condition, and specification of 15 GORSTY BANK has not materially changed since July 2020.

How Large is 15 GORSTY BANK?

15 GORSTY BANK is 90m² according to the EPC inspection conducted in January 2013. This puts it in the smallest 30% of detached houses houses in Lichfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lichfield, and where 15 GORSTY BANK lies on this distribution: 20% of detached houses houses are smaller than 15 GORSTY BANK, and 79% of houses are larger. Note that EPC data is not available for all properties in Lichfield.

15 GORSTY BANK: Plot and Title Map

15 GORSTY BANK sits on a plot of roughly 0.066 of an acre, or 269m². The below map shows the location of 15 GORSTY BANK, 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 GORSTY BANK). 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 GORSTY BANK?

15 GORSTY BANK is located in LICHFIELD, in the WS14 postcode district. The below map shows the position of No. 15 on GORSTY BANK.