2, WRIGHT CLOSE, BURNTWOOD, WS7 3RP - £255,000

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 WRIGHT CLOSE is a small detached house of 88m², which could now be worth an estimated £339,161. It was last sold for £255,000 in November 2019, which was around 33% below the average November 2019 detached price in the Lichfield local authority area. The most recent EPC inspection was April 2016, where the current energy rating was B, and the potential energy rating was A.

2 WRIGHT CLOSE Sold Prices

Land registry data shows two sales for 2 WRIGHT CLOSE 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 WRIGHT CLOSE 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
2019 21 NOV	£255,000	£382,808	33% below HPI
2016 27 MAY	£225,995	£341,638	34% below HPI

2 WRIGHT 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 two 2 WRIGHT CLOSE sales from May 2016 and November 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 May 2016 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the November 2019 sale, where it rises to 33% below the HPI. The line then continues to track at 33% below the HPI.

What might 2 WRIGHT CLOSE be worth now?

2 WRIGHT CLOSE might now be worth an estimated £339,161.

This is based on house price inflation of 33%, between November 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 33% inflationary increase is applied to the most recent sale price for 2 WRIGHT CLOSE of £255,000 on 21st November 2019. For the value to have increased from £255,000 to £339,161 over the six years and nine months to February 2025, the following assumptions must hold true:

• The value of 2 WRIGHT CLOSE has moved in line with the HPI for detached houses in the Lichfield local authority area.
• The November 2019 sale price of £255,000 represented a fair market value for the property.
• The size, condition, and specification of 2 WRIGHT CLOSE has not materially changed since November 2019.

How Large is 2 WRIGHT CLOSE?

2 WRIGHT CLOSE is 88m² according to the EPC inspection conducted in April 2016. This puts it in the smallest 30% of detached houses houses in Burntwood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Burntwood, and where 2 WRIGHT CLOSE lies on this distribution: 28% of detached houses houses are smaller than 2 WRIGHT CLOSE, and 70% of houses are larger. Note that EPC data is not available for all properties in Burntwood.

2 WRIGHT CLOSE: Plot and Title Map

2 WRIGHT CLOSE sits on a plot of roughly 0.066 of an acre, or 267m². The below map shows the location of 2 WRIGHT 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 WRIGHT 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 WRIGHT CLOSE?

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