24, GORSE LANE, LICHFIELD, WS14 9HQ - £552,500

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 GORSE LANE is a large extended detached house of 163m², built sometime between 1976 and 1982, which could now be worth an estimated £785,558. It was last sold for £552,500 in July 2017, which was around 54% above the average July 2017 detached price in the Lichfield local authority area. The most recent EPC inspection was February 2014, where the current energy rating was D, and the potential energy rating was C.

24 GORSE LANE Sold Prices

Land registry data shows four sales for 24 GORSE LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Lichfield local authority area for the corresponding sale date. All of the four 24 GORSE 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
2017 11 JUL	£552,500	£358,097	54% above HPI
2014 11 JUL	£480,000	£312,818	53% above HPI
2010 29 MAR	£373,000	£292,501	28% above HPI
2006 16 NOV	£385,000	£289,486	33% above HPI

24 GORSE 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 four 24 GORSE LANE sales between November 2006 and July 2017 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 July 2014 sale was for 53% above the HPI. So the extrapolation line tracks at 53% above the HPI over time, until the July 2017 sale, where it rises to 54% above the HPI. The line then continues to track at 54% above the HPI.

What might 24 GORSE LANE be worth now?

24 GORSE LANE might now be worth an estimated £785,558.

This is based on house price inflation of 42.2%, between July 2017 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 42.2% inflationary increase is applied to the most recent sale price for 24 GORSE LANE of £552,500 on 11th July 2017. For the value to have increased from £552,500 to £785,558 over the eight years and five months to February 2025, the following assumptions must hold true:

• The value of 24 GORSE LANE has moved in line with the HPI for detached houses in the Lichfield local authority area.
• The July 2017 sale price of £552,500 represented a fair market value for the property.
• The size, condition, and specification of 24 GORSE LANE has not materially changed since July 2017.

How Large is 24 GORSE LANE?

24 GORSE LANE is 163m², which includes two extensions, according to the EPC inspection conducted in February 2014. This puts it in the largest 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 24 GORSE LANE lies on this distribution: 80% of detached houses houses are smaller than 24 GORSE LANE, and 20% of houses are larger. Note that EPC data is not available for all properties in Lichfield.

24 GORSE LANE: Plot and Title Map

24 GORSE LANE sits on a plot of roughly 0.187 of an acre, or 757m². The below map shows the location of 24 GORSE 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 GORSE 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 GORSE LANE?

24 GORSE LANE is located in LICHFIELD, in the WS14 postcode district. The below map shows the position of No. 24 on GORSE LANE.