15, SPEARHILL, LICHFIELD, WS14 9UD - £310,000

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 SPEARHILL is a small extended detached house of 99m², built sometime between 1976 and 1982, which could now be worth an estimated £462,000. It was last sold for £310,000 in May 2016, which was around 9% below the average May 2016 detached price in the Lichfield local authority area. The most recent EPC inspection was August 2014, where the current energy rating was D, and the potential energy rating was B.

15 SPEARHILL Sold Prices

Land registry data shows four sales for 15 SPEARHILL since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Lichfield local authority area for the corresponding sale date. All of the four 15 SPEARHILL 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
2016 6 MAY	£310,000	£341,638	9% below HPI
2015 27 FEB	£280,000	£318,244	12% below HPI
2003 1 AUG	£210,000	£222,319	6% below HPI
1996 4 OCT	£76,000	£101,902	25% below HPI

15 SPEARHILL 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 four 15 SPEARHILL sales between October 1996 and May 2016 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 2015 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the May 2016 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might 15 SPEARHILL be worth now?

15 SPEARHILL might now be worth an estimated £462,000.

This is based on house price inflation of 49%, between May 2016 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 49% inflationary increase is applied to the most recent sale price for 15 SPEARHILL of £310,000 on 6th May 2016. For the value to have increased from £310,000 to £462,000 over the nine years and three months to February 2025, the following assumptions must hold true:

• The value of 15 SPEARHILL has moved in line with the HPI for detached houses in the Lichfield local authority area.
• The May 2016 sale price of £310,000 represented a fair market value for the property.
• The size, condition, and specification of 15 SPEARHILL has not materially changed since May 2016.

How Large is 15 SPEARHILL?

15 SPEARHILL is 99m², which includes one extension, according to the EPC inspection conducted in August 2014. This puts it in the smallest 40% 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 SPEARHILL lies on this distribution: 31% of detached houses houses are smaller than 15 SPEARHILL, and 68% of houses are larger. Note that EPC data is not available for all properties in Lichfield.

15 SPEARHILL: Plot and Title Map

15 SPEARHILL sits on a plot of roughly 0.067 of an acre, or 271m². The below map shows the location of 15 SPEARHILL, 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 SPEARHILL). 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 SPEARHILL?

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