15, WEMBLEY LANE, BURNTWOOD, WS7 1FL - £395,000

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 WEMBLEY LANE is a midsized detached house of 110m², built sometime between 1996 and 2002. It was last sold for £395,000 in August 2023, which was around 16% below the average August 2023 detached price in the Lichfield local authority area. The most recent EPC inspection was July 2015, where the current energy rating was D, and the potential energy rating was B.

15 WEMBLEY LANE Sold Prices

Land registry data shows three sales for 15 WEMBLEY 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 WEMBLEY 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
2023 2 AUG	£395,000	£470,143	16% below HPI
2016 8 JAN	£245,000	£322,587	24% below HPI
2000 25 FEB	£120,950	£129,673	7% below HPI

15 WEMBLEY 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 WEMBLEY LANE sales between February 2000 and August 2023 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 January 2016 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the August 2023 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 15 WEMBLEY LANE?

15 WEMBLEY LANE is 110m² according to the EPC inspection conducted in July 2015. This puts it in the largest 50% of detached houses in Burntwood, based on EPC data. The below chart shows the distribution of detached houses by size in Burntwood, and where 15 WEMBLEY LANE lies on this distribution: 52% of detached houses are smaller than 15 WEMBLEY LANE, and 47% of houses are larger. Note that EPC data is not available for all properties in Burntwood.

15 WEMBLEY LANE: Plot and Title Map

15 WEMBLEY LANE sits on a plot of roughly 0.092 of an acre, or 374m². The below map shows the location of 15 WEMBLEY 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 WEMBLEY 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 WEMBLEY LANE?

15 WEMBLEY LANE is located in BURNTWOOD, in the WS7 postcode district. The below map shows the position of No. 15 on WEMBLEY LANE.