16, HEATHCOTE DRIVE, MILE OAK, TAMWORTH, B78 3PY - £495,000

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

16 HEATHCOTE DRIVE is a very large detached house of 160m², built sometime between 2003 and 2006, which could now be worth an estimated £541,453. It was last sold for £495,000 in September 2023, which was around 5% above the average September 2023 detached price in the Lichfield local authority area. The most recent EPC inspection was August 2019, where the current energy rating was B, and the potential energy rating was B.

16 HEATHCOTE DRIVE Sold Prices

Land registry data shows three sales for 16 HEATHCOTE DRIVE 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 HEATHCOTE DRIVE sales were for above the average price, whilst one was 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 1 SEP	£495,000	£470,813	5% above HPI
2020 24 APR	£390,000	£397,959	2% below HPI
2004 12 MAR	£295,950	£234,832	26% above HPI

16 HEATHCOTE DRIVE 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 HEATHCOTE DRIVE sales between March 2004 and September 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 April 2020 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the September 2023 sale, where it rises to 5% above the HPI. The line then continues to track at 5% above the HPI.

What might 16 HEATHCOTE DRIVE be worth now?

16 HEATHCOTE DRIVE might now be worth an estimated £541,453.

This is based on house price inflation of 9.4%, between September 2023 and December 2024, 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 9.4% inflationary increase is applied to the most recent sale price for 16 HEATHCOTE DRIVE of £495,000 on 1st September 2023. For the value to have increased from £495,000 to £541,453 over the nine months to December 2024, the following assumptions must hold true:

• The value of 16 HEATHCOTE DRIVE has moved in line with the HPI for detached houses in the Lichfield local authority area.
• The September 2023 sale price of £495,000 represented a fair market value for the property.
• The size, condition, and specification of 16 HEATHCOTE DRIVE has not materially changed since September 2023.

How Large is 16 HEATHCOTE DRIVE?

16 HEATHCOTE DRIVE is 160m² according to the EPC inspection conducted in August 2019. This puts it in the largest 20% of detached houses houses in Fazeley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Fazeley, and where 16 HEATHCOTE DRIVE lies on this distribution: 85% of detached houses houses are smaller than 16 HEATHCOTE DRIVE, and 15% of houses are larger. Note that EPC data is not available for all properties in Fazeley.

16 HEATHCOTE DRIVE: Plot and Title Map

16 HEATHCOTE DRIVE sits on a plot of roughly 0.105 of an acre, or 423m². The below map shows the location of 16 HEATHCOTE DRIVE, 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 HEATHCOTE DRIVE). 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 HEATHCOTE DRIVE?

16 HEATHCOTE DRIVE is located in MILE OAK, in the B78 postcode district. The below map shows the position of No. 16 on HEATHCOTE DRIVE.