2, MELFORD RISE, BURNTWOOD, WS7 1YW - £245,000

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 MELFORD RISE is a small extended detached house of 90m², built sometime between 1967 and 1975. It was last sold for £245,000 in September 2021, which was around 40% below the average September 2021 detached price in the Lichfield local authority area. The most recent EPC inspection was March 2019, where the current energy rating was D, and the potential energy rating was B.

2 MELFORD RISE Sold Prices

Land registry data shows three sales for 2 MELFORD RISE 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 2 MELFORD RISE 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
2021 1 SEP	£245,000	£410,758	40% below HPI
2000 21 FEB	£103,000	£129,673	21% below HPI
1995 25 MAY	£94,500	£92,035	3% above HPI

2 MELFORD RISE 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 2 MELFORD RISE sales between May 1995 and September 2021 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 February 2000 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the September 2021 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

How Large is 2 MELFORD RISE?

2 MELFORD RISE is 90m², which includes one extension, according to the EPC inspection conducted in March 2019. This puts it in the smallest 40% of detached houses in Burntwood, based on EPC data. The below chart shows the distribution of detached houses by size in Burntwood, and where 2 MELFORD RISE lies on this distribution: 31% of detached houses are smaller than 2 MELFORD RISE, and 67% of houses are larger. Note that EPC data is not available for all properties in Burntwood.

2 MELFORD RISE: Plot and Title Map

2 MELFORD RISE sits on a plot of roughly 0.089 of an acre, or 361m². The below map shows the location of 2 MELFORD RISE, 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 MELFORD RISE). 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 MELFORD RISE?

2 MELFORD RISE is located in BURNTWOOD, in the WS7 postcode district. The below map shows the position of No. 2 on MELFORD RISE.