23, BAINS DRIVE, LICHFIELD, WS13 6NW - £300,000

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.

23 BAINS DRIVE is a very small detached house of 88m², built sometime between 2003 and 2006, which could now be worth an estimated £365,450. It was last sold for £300,000 in March 2021, which was around 28% below the average March 2021 detached price in the Lichfield local authority area. The most recent EPC inspection was December 2020, where the current energy rating was C, and the potential energy rating was B.

23 BAINS DRIVE Sold Prices

Land registry data shows three sales for 23 BAINS DRIVE 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. All of the three 23 BAINS DRIVE 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
2021 10 MAR	£300,000	£417,965	28% below HPI
2013 17 OCT	£198,000	£300,041	34% below HPI
2003 19 DEC	£199,000	£234,771	15% below HPI

23 BAINS DRIVE 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 23 BAINS DRIVE sales between December 2003 and March 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 October 2013 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the March 2021 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might 23 BAINS DRIVE be worth now?

23 BAINS DRIVE might now be worth an estimated £365,450.

This is based on house price inflation of 21.8%, between March 2021 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 21.8% inflationary increase is applied to the most recent sale price for 23 BAINS DRIVE of £300,000 on 10th March 2021. For the value to have increased from £300,000 to £365,450 over the four years and one month to February 2025, the following assumptions must hold true:

• The value of 23 BAINS DRIVE has moved in line with the HPI for detached houses in the Lichfield local authority area.
• The March 2021 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of 23 BAINS DRIVE has not materially changed since March 2021.

How Large is 23 BAINS DRIVE?

23 BAINS DRIVE is 88m² according to the EPC inspection conducted in December 2020. This puts it in the smallest 20% 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 23 BAINS DRIVE lies on this distribution: 18% of detached houses houses are smaller than 23 BAINS DRIVE, and 81% of houses are larger. Note that EPC data is not available for all properties in Lichfield.

23 BAINS DRIVE: Plot and Title Map

23 BAINS DRIVE sits on a plot of roughly 0.056 of an acre, or 228m². The below map shows the location of 23 BAINS DRIVE, 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 23 BAINS DRIVE). 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 23 BAINS DRIVE?

23 BAINS DRIVE is located in LICHFIELD, in the WS13 postcode district. The below map shows the position of No. 23 on BAINS DRIVE.