24, HOOD LANE, ARMITAGE, RUGELEY, WS15 4AG - £345,000

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 HOOD LANE is a midsized extended detached house of 96m², built sometime before 1900. It was last sold for £345,000 in December 2023, which was around 25% below the average December 2023 detached price in the Lichfield local authority area. The most recent EPC inspection was March 2019, where the current energy rating was D, and the potential energy rating was B.

24 HOOD LANE Sold Prices

Land registry data shows five sales for 24 HOOD LANE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Lichfield local authority area for the corresponding sale date. All of the five 24 HOOD 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
2023 14 DEC	£345,000	£461,431	25% below HPI
2022 20 OCT	£332,500	£476,308	30% below HPI
2006 17 JUL	£205,000	£271,747	25% below HPI
2001 14 DEC	£122,500	£163,313	25% below HPI
2000 25 FEB	£114,000	£129,673	12% below HPI

24 HOOD 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 five 24 HOOD LANE sales between February 2000 and December 2023 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 2022 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the December 2023 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 24 HOOD LANE?

24 HOOD LANE is 96m², which includes one extension, according to the EPC inspection conducted in March 2019. This puts it in the smallest 50% of detached houses in Armitage, based on EPC data. The below chart shows the distribution of detached houses by size in Armitage, and where 24 HOOD LANE lies on this distribution: 41% of detached houses are smaller than 24 HOOD LANE, and 59% of houses are larger. Note that EPC data is not available for all properties in Armitage.

24 HOOD LANE: Plot and Title Map

24 HOOD LANE sits on a plot of roughly 0.038 of an acre, or 152m². The below map shows the location of 24 HOOD 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 HOOD 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 HOOD LANE?

24 HOOD LANE is located in ARMITAGE, in the WS15 postcode district. The below map shows the position of No. 24 on HOOD LANE.