2, WAKELIN WAY, LICHFIELD, WS13 6UG - £530,000

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

2 WAKELIN WAY is a large detached house of 139m², which could now be worth an estimated £575,527. It was last sold for £530,000 in March 2024, which was around 12% above the average March 2024 detached price in the Lichfield local authority area. The most recent EPC inspection was November 2020, where the current energy rating was B, and the potential energy rating was A.

2 WAKELIN WAY Sold Prices

Land registry data shows two sales for 2 WAKELIN WAY 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 WAKELIN WAY sales were 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
2024 15 MAR	£530,000	£474,257	12% above HPI
2020 27 NOV	£465,000	£412,868	13% above HPI

2 WAKELIN WAY 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 WAKELIN WAY sales from November 2020 and March 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 2020 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the March 2024 sale, where it falls to 12% above the HPI. The line then continues to track at 12% above the HPI.

What might 2 WAKELIN WAY be worth now?

2 WAKELIN WAY might now be worth an estimated £575,527.

This is based on house price inflation of 8.6%, between March 2024 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 8.6% inflationary increase is applied to the most recent sale price for 2 WAKELIN WAY of £530,000 on 15th March 2024. For the value to have increased from £530,000 to £575,527 over the three months to December 2024, the following assumptions must hold true:

• The value of 2 WAKELIN WAY has moved in line with the HPI for detached houses in the Lichfield local authority area.
• The March 2024 sale price of £530,000 represented a fair market value for the property.
• The size, condition, and specification of 2 WAKELIN WAY has not materially changed since March 2024.

How Large is 2 WAKELIN WAY?

2 WAKELIN WAY is 139m² according to the EPC inspection conducted in November 2020. This puts it in the largest 40% 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 2 WAKELIN WAY lies on this distribution: 67% of detached houses houses are smaller than 2 WAKELIN WAY, and 32% of houses are larger. Note that EPC data is not available for all properties in Lichfield.

2 WAKELIN WAY: Plot and Title Map

2 WAKELIN WAY sits on a plot of roughly 0.083 of an acre, or 337m². The below map shows the location of 2 WAKELIN WAY, 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 WAKELIN WAY). 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 WAKELIN WAY?

2 WAKELIN WAY is located in LICHFIELD, in the WS13 postcode district. The below map shows the position of No. 2 on WAKELIN WAY.