16, THE SPIRES, LICHFIELD, WS14 9RP - £330,000

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 THE SPIRES is a very small detached house of 75m², built sometime between 1976 and 1982. It was last sold for £330,000 in December 2020, which was around 19% below the average December 2020 detached price in the Lichfield local authority area. The most recent EPC inspection was September 2015, where the current energy rating was D, and the potential energy rating was B.

16 THE SPIRES Sold Prices

Land registry data shows two sales for 16 THE SPIRES since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Lichfield local authority area for the corresponding sale date. Both of the two 16 THE SPIRES 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
2020 11 DEC	£330,000	£405,420	19% below HPI
2016 22 JAN	£275,000	£322,587	15% below HPI

16 THE SPIRES 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 two 16 THE SPIRES sales from January 2016 and December 2020 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 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the December 2020 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 16 THE SPIRES?

16 THE SPIRES is 75m² according to the EPC inspection conducted in September 2015. This puts it in the smallest 10% 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 THE SPIRES lies on this distribution: 8% of detached houses are smaller than 16 THE SPIRES, and 92% of houses are larger. Note that EPC data is not available for all properties in Lichfield.

16 THE SPIRES: Plot and Title Map

16 THE SPIRES sits on a plot of roughly 0.064 of an acre, or 257m². The below map shows the location of 16 THE SPIRES, 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 THE SPIRES). 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 THE SPIRES?

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