18, TERRY CLOSE, LICHFIELD, WS13 7EJ - £235,500

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

18 TERRY CLOSE is a midsized extended detached house of 117m², built sometime between 1967 and 1975, which could now be worth an estimated £441,340. It was last sold for £235,500 in May 2006, which was around 14% below the average May 2006 detached price in the Lichfield local authority area. The most recent EPC inspection was September 2024, where the current energy rating was D, and the potential energy rating was C.

18 TERRY CLOSE Sold Prices

Land registry data shows two sales for 18 TERRY CLOSE 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 18 TERRY 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
2006 12 MAY	£235,500	£274,803	14% below HPI
2004 10 DEC	£215,000	£264,477	19% below HPI

18 TERRY 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 two 18 TERRY CLOSE sales from December 2004 and May 2006 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 December 2004 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the May 2006 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 18 TERRY CLOSE be worth now?

18 TERRY CLOSE might now be worth an estimated £441,340.

This is based on house price inflation of 87.4%, between May 2006 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 87.4% inflationary increase is applied to the most recent sale price for 18 TERRY CLOSE of £235,500 on 12th May 2006. For the value to have increased from £235,500 to £441,340 over the seventeen years and five months to December 2024, the following assumptions must hold true:

• The value of 18 TERRY CLOSE has moved in line with the HPI for detached houses in the Lichfield local authority area.
• The May 2006 sale price of £235,500 represented a fair market value for the property.
• The size, condition, and specification of 18 TERRY CLOSE has not materially changed since May 2006.

How Large is 18 TERRY CLOSE?

18 TERRY CLOSE is 117m², which includes two extensions, according to the EPC inspection conducted in September 2024. This puts it in the smallest 50% 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 18 TERRY CLOSE lies on this distribution: 47% of detached houses houses are smaller than 18 TERRY CLOSE, and 52% of houses are larger. Note that EPC data is not available for all properties in Lichfield.

18 TERRY CLOSE: Plot and Title Map

18 TERRY CLOSE sits on a plot of roughly 0.069 of an acre, or 280m². The below map shows the location of 18 TERRY 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 18 TERRY 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 18 TERRY CLOSE?

18 TERRY CLOSE is located in LICHFIELD, in the WS13 postcode district. The below map shows the position of No. 18 on TERRY CLOSE.