2, BUTTERFLY LANE, STREETHAY, LICHFIELD, WS13 8LY - £380,000

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

2 BUTTERFLY LANE is a very small detached house of 87m², built sometime from 2012 onwards. It was last sold for £380,000 in April 2024, which was around 17% below the average April 2024 detached price in the Lichfield local authority area. The most recent EPC inspection was December 2023, where the current energy rating was C, and the potential energy rating was B.

2 BUTTERFLY LANE Sold Prices

Land registry data shows two sales for 2 BUTTERFLY LANE 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 2 BUTTERFLY LANE 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
2024 29 APR	£380,000	£457,149	17% below HPI
2018 30 NOV	£309,995	£385,074	19% below HPI

2 BUTTERFLY LANE 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 2 BUTTERFLY LANE sales from November 2018 and April 2024 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 2018 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the April 2024 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 2 BUTTERFLY LANE?

2 BUTTERFLY LANE is 87m² according to the EPC inspection conducted in December 2023. This puts it in the smallest 10% of detached houses in Streethay, based on EPC data. The below chart shows the distribution of detached houses by size in Streethay, and where 2 BUTTERFLY LANE lies on this distribution: 2% of detached houses are smaller than 2 BUTTERFLY LANE, and 90% of houses are larger. Note that EPC data is not available for all properties in Streethay.

2 BUTTERFLY LANE: Plot and Title Map

2 BUTTERFLY LANE sits on a plot of roughly 0.056 of an acre, or 226m². The below map shows the location of 2 BUTTERFLY LANE, 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 2 BUTTERFLY LANE). 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 2 BUTTERFLY LANE?

2 BUTTERFLY LANE is located in STREETHAY, in the WS13 postcode district. The below map shows the position of No. 2 on BUTTERFLY LANE.