24, FAREWELL LANE, BURNTWOOD, WS7 9DP - £595,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

24 FAREWELL LANE is a very large extended detached house of 206m², built sometime between 1950 and 1966. It was last sold for £595,000 in June 2014, which was around 95% above the average June 2014 detached price in the Lichfield local authority area. The most recent EPC inspection was February 2014, where the current energy rating was C, and the potential energy rating was C.

24 FAREWELL LANE Sold Prices

Land registry data shows two sales for 24 FAREWELL 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. Both of the two 24 FAREWELL LANE 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
2014 9 JUN	£595,000	£305,201	95% above HPI
2007 5 JAN	£350,000	£278,924	25% above HPI

24 FAREWELL 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 24 FAREWELL LANE sales from January 2007 and June 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 January 2007 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the June 2014 sale, where it rises to 95% above the HPI. The line then continues to track at 95% above the HPI.

How Large is 24 FAREWELL LANE?

24 FAREWELL LANE is 206m², which includes one extension, according to the EPC inspection conducted in February 2014. This puts it in the largest 10% of detached houses in Burntwood, based on EPC data. The below chart shows the distribution of detached houses by size in Burntwood, and where 24 FAREWELL LANE lies on this distribution: 97% of detached houses are smaller than 24 FAREWELL LANE, and 3% of houses are larger. Note that EPC data is not available for all properties in Burntwood.

24 FAREWELL LANE: Plot and Title Map

24 FAREWELL LANE sits on a plot of roughly 0.449 of an acre, or 1,818m². The below map shows the location of 24 FAREWELL 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 24 FAREWELL 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 24 FAREWELL LANE?

24 FAREWELL LANE is located in BURNTWOOD, in the WS7 postcode district. The below map shows the position of No. 24 on FAREWELL LANE.