16, CRECY PLACE, LICHFIELD, WS14 0GD - £195,000

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.

16 CRECY PLACE is a very small detached house of 51m², built sometime between 2003 and 2006, which could now be worth an estimated £211,571. It was last sold for £195,000 in October 2023, which was around 58% below the average October 2023 detached price in the Lichfield local authority area. The most recent EPC inspection was June 2023, where the current energy rating was C, and the potential energy rating was C.

16 CRECY PLACE Sold Prices

Land registry data shows four sales for 16 CRECY PLACE 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 16 CRECY PLACE 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 27 OCT	£195,000	£469,273	58% below HPI
2017 16 NOV	£169,950	£371,889	54% below HPI
2014 25 FEB	£143,000	£304,892	53% below HPI
2007 15 JUN	£146,950	£299,858	51% below HPI

16 CRECY PLACE 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 16 CRECY PLACE sales between June 2007 and October 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 November 2017 sale was for 54% below the HPI. So the extrapolation line tracks at 54% below the HPI over time, until the October 2023 sale, where it falls to 58% below the HPI. The line then continues to track at 58% below the HPI.

What might 16 CRECY PLACE be worth now?

16 CRECY PLACE might now be worth an estimated £211,571.

This is based on house price inflation of 8.5%, between October 2023 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 8.5% inflationary increase is applied to the most recent sale price for 16 CRECY PLACE of £195,000 on 27th October 2023. For the value to have increased from £195,000 to £211,571 over the two years and eight months to February 2025, the following assumptions must hold true:

• The value of 16 CRECY PLACE has moved in line with the HPI for detached houses in the Lichfield local authority area.
• The October 2023 sale price of £195,000 represented a fair market value for the property.
• The size, condition, and specification of 16 CRECY PLACE has not materially changed since October 2023.

How Large is 16 CRECY PLACE?

16 CRECY PLACE is 51m² according to the EPC inspection conducted in June 2023. This puts it in the smallest 10% 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 16 CRECY PLACE lies on this distribution: 1% of detached houses houses are smaller than 16 CRECY PLACE, and 99% of houses are larger. Note that EPC data is not available for all properties in Lichfield.

16 CRECY PLACE: Plot and Title Map

16 CRECY PLACE sits on a plot of roughly 0.040 of an acre, or 163m². The below map shows the location of 16 CRECY PLACE, 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 16 CRECY PLACE). 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 16 CRECY PLACE?

16 CRECY PLACE is located in LICHFIELD, in the WS14 postcode district. The below map shows the position of No. 16 on CRECY PLACE.