24, SCHOOL LANE, BURNTWOOD, WS7 1LD - £240,000

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 SCHOOL LANE is a very small detached house of 58m², built sometime between 1950 and 1966. It was last sold for £240,000 in October 2018, which was around 37% below the average October 2018 detached price in the Lichfield local authority area. The most recent EPC inspection was March 2015, where the current energy rating was D, and the potential energy rating was B.

24 SCHOOL LANE Sold Prices

Land registry data shows two sales for 24 SCHOOL 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 SCHOOL 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
2018 19 OCT	£240,000	£382,190	37% below HPI
2006 19 SEP	£138,000	£282,949	51% below HPI

24 SCHOOL 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 SCHOOL LANE sales from September 2006 and October 2018 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 2006 sale was for 51% below the HPI. So the extrapolation line tracks at 51% below the HPI over time, until the October 2018 sale, where it rises to 37% below the HPI. The line then continues to track at 37% below the HPI.

How Large is 24 SCHOOL LANE?

24 SCHOOL LANE is 58m² according to the EPC inspection conducted in March 2015. This puts it in the smallest 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 SCHOOL LANE lies on this distribution: 2% of detached houses are smaller than 24 SCHOOL LANE, and 98% of houses are larger. Note that EPC data is not available for all properties in Burntwood.

24 SCHOOL LANE: Plot and Title Map

24 SCHOOL LANE sits on a plot of roughly 0.089 of an acre, or 359m². The below map shows the location of 24 SCHOOL 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 SCHOOL 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 SCHOOL LANE?

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