24, GRANGE LANE, LICHFIELD, WS13 7EE - £225,000

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 GRANGE LANE is a very small extended detached house of 83m², built sometime between 1900 and 1929. It was last sold for £225,000 in April 2017, which was around 33% below the average April 2017 detached price in the Lichfield local authority area. The most recent EPC inspection was July 2016, where the current energy rating was D, and the potential energy rating was C.

24 GRANGE LANE Sold Prices

Land registry data shows two sales for 24 GRANGE 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 GRANGE LANE 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
2017 28 APR	£225,000	£337,683	33% below HPI
2001 14 SEP	£125,000	£158,068	21% below HPI

24 GRANGE 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 GRANGE LANE sales from September 2001 and April 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 September 2001 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the April 2017 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

How Large is 24 GRANGE LANE?

24 GRANGE LANE is 83m², which includes one extension, according to the EPC inspection conducted in July 2016. This puts it in the smallest 20% of detached houses in Lichfield, based on EPC data. The below chart shows the distribution of detached houses by size in Lichfield, and where 24 GRANGE LANE lies on this distribution: 14% of detached houses are smaller than 24 GRANGE LANE, and 85% of houses are larger. Note that EPC data is not available for all properties in Lichfield.

24 GRANGE LANE: Plot and Title Map

24 GRANGE LANE sits on a plot of roughly 0.131 of an acre, or 532m². The below map shows the location of 24 GRANGE 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 GRANGE 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 GRANGE LANE?

24 GRANGE LANE is located in LICHFIELD, in the WS13 postcode district. The below map shows the position of No. 24 on GRANGE LANE.