2, WATERY LANE, LICHFIELD, WS13 7TJ - £319,995

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 WATERY LANE is a midsized detached house of 127m², which could now be worth an estimated £437,943. It was last sold for £319,995 in July 2019, which was around 14% below the average July 2019 detached price in the Lichfield local authority area. The most recent EPC inspection was October 2018, where the current energy rating was B, and the potential energy rating was A.

2 WATERY LANE Sold Prices

Land registry data shows two sales for 2 WATERY 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. One of the two 2 WATERY LANE sales was for below the average price, whilst the other 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
2019 5 JUL	£319,995	£372,025	14% below HPI
2018 2 MAR	£985,000	£373,369	164% above HPI

2 WATERY 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 WATERY LANE sales from March 2018 and July 2019 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 March 2018 sale was for 164% above the HPI. So the extrapolation line tracks at 164% above the HPI over time, until the July 2019 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 2 WATERY LANE be worth now?

2 WATERY LANE might now be worth an estimated £437,943.

This is based on house price inflation of 36.9%, between July 2019 and February 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 36.9% inflationary increase is applied to the most recent sale price for 2 WATERY LANE of £319,995 on 5th July 2019. For the value to have increased from £319,995 to £437,943 over the six years and five months to February 2025, the following assumptions must hold true:

• The value of 2 WATERY LANE has moved in line with the HPI for detached houses in the Lichfield local authority area.
• The July 2019 sale price of £319,995 represented a fair market value for the property.
• The size, condition, and specification of 2 WATERY LANE has not materially changed since July 2019.

How Large is 2 WATERY LANE?

2 WATERY LANE is 127m² according to the EPC inspection conducted in October 2018. This puts it in the largest 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 2 WATERY LANE lies on this distribution: 58% of detached houses houses are smaller than 2 WATERY LANE, and 41% of houses are larger. Note that EPC data is not available for all properties in Lichfield.

2 WATERY LANE: Plot and Title Map

2 WATERY LANE sits on a plot of roughly 0.086 of an acre, or 350m². The below map shows the location of 2 WATERY 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 WATERY 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 WATERY LANE?

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