16, GOODWOOD CLOSE, LICHFIELD, WS14 9XZ - £463,500

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 GOODWOOD CLOSE is a small extended detached house of 109m², built sometime between 1976 and 1982, which could now be worth an estimated £500,811. It was last sold for £463,500 in December 2023, which was around 2% below the average December 2023 detached price in the Lichfield local authority area. The most recent EPC inspection was January 2023, where the current energy rating was C, and the potential energy rating was B.

16 GOODWOOD CLOSE Sold Prices

Land registry data shows five sales for 16 GOODWOOD CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Lichfield local authority area for the corresponding sale date. All of the five 16 GOODWOOD CLOSE 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 7 DEC	£463,500	£471,219	2% below HPI
2018 28 FEB	£328,000	£370,860	12% below HPI
2017 8 DEC	£320,000	£369,648	13% below HPI
2012 14 DEC	£237,000	£281,671	16% below HPI
2006 29 MAR	£210,000	£276,753	24% below HPI

16 GOODWOOD CLOSE 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 five 16 GOODWOOD CLOSE sales between March 2006 and December 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 February 2018 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the December 2023 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might 16 GOODWOOD CLOSE be worth now?

16 GOODWOOD CLOSE might now be worth an estimated £500,811.

This is based on house price inflation of 8%, between December 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% inflationary increase is applied to the most recent sale price for 16 GOODWOOD CLOSE of £463,500 on 7th December 2023. For the value to have increased from £463,500 to £500,811 over the two years and ten months to February 2025, the following assumptions must hold true:

• The value of 16 GOODWOOD CLOSE has moved in line with the HPI for detached houses in the Lichfield local authority area.
• The December 2023 sale price of £463,500 represented a fair market value for the property.
• The size, condition, and specification of 16 GOODWOOD CLOSE has not materially changed since December 2023.

How Large is 16 GOODWOOD CLOSE?

16 GOODWOOD CLOSE is 109m², which includes two extensions, according to the EPC inspection conducted in January 2023. 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 16 GOODWOOD CLOSE lies on this distribution: 39% of detached houses houses are smaller than 16 GOODWOOD CLOSE, and 60% of houses are larger. Note that EPC data is not available for all properties in Lichfield.

16 GOODWOOD CLOSE: Plot and Title Map

16 GOODWOOD CLOSE sits on a plot of roughly 0.072 of an acre, or 290m². The below map shows the location of 16 GOODWOOD CLOSE, 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 GOODWOOD CLOSE). 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 GOODWOOD CLOSE?

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