2, RECTORY CLOSE, DRAYTON BASSETT, TAMWORTH, B78 3UH - £457,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 RECTORY CLOSE is a very large detached house of 356m², built sometime from 2007 onwards, which could now be worth an estimated £710,086. It was last sold for £457,500 in November 2014, which was around 40% above the average November 2014 detached price in the Lichfield local authority area. The most recent EPC inspection was August 2013, where the current energy rating was C, and the potential energy rating was B.

2 RECTORY CLOSE Sold Prices

Land registry data shows three sales for 2 RECTORY CLOSE 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 RECTORY CLOSE 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
2014 28 NOV	£457,500	£327,748	40% above HPI
2012 4 MAY	£190,000	£274,455	31% below HPI
1996 12 JUN	£110,000	£97,793	12% above HPI

2 RECTORY 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 three 2 RECTORY CLOSE sales between June 1996 and November 2014 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 May 2012 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the November 2014 sale, where it rises to 40% above the HPI. The line then continues to track at 40% above the HPI.

What might 2 RECTORY CLOSE be worth now?

2 RECTORY CLOSE might now be worth an estimated £710,086.

This is based on house price inflation of 55.2%, between November 2014 and March 2025, 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 55.2% inflationary increase is applied to the most recent sale price for 2 RECTORY CLOSE of £457,500 on 28th November 2014. For the value to have increased from £457,500 to £710,086 over the eleven years and eight months to March 2025, the following assumptions must hold true:

• The value of 2 RECTORY CLOSE has moved in line with the HPI for detached houses in the Lichfield local authority area.
• The November 2014 sale price of £457,500 represented a fair market value for the property.
• The size, condition, and specification of 2 RECTORY CLOSE has not materially changed since November 2014.

How Large is 2 RECTORY CLOSE?

2 RECTORY CLOSE is 356m² according to the EPC inspection conducted in August 2013. This puts it in the largest 10% of detached houses houses in Drayton Bassett, based on EPC data. The below chart shows the distribution of detached houses houses by size in Drayton Bassett, and where 2 RECTORY CLOSE lies on this distribution: 98% of detached houses houses are smaller than 2 RECTORY CLOSE, and 2% of houses are larger. Note that EPC data is not available for all properties in Drayton Bassett.

2 RECTORY CLOSE: Plot and Title Map

2 RECTORY CLOSE sits on a plot of roughly 0.135 of an acre, or 546m². The below map shows the location of 2 RECTORY 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 2 RECTORY 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 2 RECTORY CLOSE?

2 RECTORY CLOSE is located in DRAYTON BASSETT, in the B78 postcode district. The below map shows the position of No. 2 on RECTORY CLOSE.