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

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.

24 FAREWELL LANE is a very large extended detached house of 206m², built sometime between 1950 and 1966, which could now be worth an estimated £968,670. It was last sold for £595,000 in June 2014, which was around 90% 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	£312,743	90% above HPI
2007 5 JAN	£350,000	£285,817	22% 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 22% above the HPI. So the extrapolation line tracks at 22% above the HPI over time, until the June 2014 sale, where it rises to 90% above the HPI. The line then continues to track at 90% above the HPI.

What might 24 FAREWELL LANE be worth now?

24 FAREWELL LANE might now be worth an estimated £968,670.

This is based on house price inflation of 62.8%, between June 2014 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 62.8% inflationary increase is applied to the most recent sale price for 24 FAREWELL LANE of £595,000 on 9th June 2014. For the value to have increased from £595,000 to £968,670 over the eleven years and four months to February 2025, the following assumptions must hold true:

• The value of 24 FAREWELL LANE has moved in line with the HPI for detached houses in the Lichfield local authority area.
• The June 2014 sale price of £595,000 represented a fair market value for the property.
• The size, condition, and specification of 24 FAREWELL LANE has not materially changed since June 2014.

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 houses in Burntwood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Burntwood, and where 24 FAREWELL LANE lies on this distribution: 97% of detached houses 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.