16, GORSTY BANK, LICHFIELD, WS14 9UB - £285,000

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

16 GORSTY BANK is a small detached house of 105m², built sometime between 1976 and 1982. It was last sold for £285,000 in November 2015, which was around 14% below the average November 2015 detached price in the Lichfield local authority area. The most recent EPC inspection was September 2014, where the current energy rating was D, and the potential energy rating was B.

16 GORSTY BANK Sold Prices

Land registry data shows three sales for 16 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. Two of the three 16 GORSTY BANK sales were for below the average price, whilst one was for above 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
2015 17 NOV	£285,000	£330,697	14% below HPI
2002 18 NOV	£195,000	£193,135	1% above HPI
2001 1 MAR	£128,000	£149,883	15% below HPI

16 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 16 GORSTY BANK sales between March 2001 and November 2015 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 2002 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the November 2015 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is 16 GORSTY BANK?

16 GORSTY BANK is 105m² according to the EPC inspection conducted in September 2014. This puts it in the smallest 40% of detached houses in Lichfield, based on EPC data. The below chart shows the distribution of detached houses by size in Lichfield, and where 16 GORSTY BANK lies on this distribution: 36% of detached houses are smaller than 16 GORSTY BANK, and 63% of houses are larger. Note that EPC data is not available for all properties in Lichfield.

16 GORSTY BANK: Plot and Title Map

16 GORSTY BANK sits on a plot of roughly 0.068 of an acre, or 275m². The below map shows the location of 16 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 16 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 16 GORSTY BANK?

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