3, LIGHTWOOD CLOSE, LICHFIELD, WS13 8FG - £365,000

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.

3 LIGHTWOOD CLOSE is a large extended detached house of 145m², built sometime between 2003 and 2006, which could now be worth an estimated £581,094. It was last sold for £365,000 in October 2014, which was around 14% above the average October 2014 detached price in the Lichfield local authority area. The most recent EPC inspection was April 2014, where the current energy rating was C, and the potential energy rating was C.

3 LIGHTWOOD CLOSE Sold Prices

Land registry data shows three sales for 3 LIGHTWOOD CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Lichfield local authority area for the corresponding sale date. All of the three 3 LIGHTWOOD CLOSE 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 3 OCT	£365,000	£319,811	14% above HPI
2007 18 JUL	£310,000	£303,374	2% above HPI
2004 16 APR	£300,000	£238,282	26% above HPI

3 LIGHTWOOD CLOSE 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 three 3 LIGHTWOOD CLOSE sales between April 2004 and October 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 July 2007 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the October 2014 sale, where it rises to 14% above the HPI. The line then continues to track at 14% above the HPI.

What might 3 LIGHTWOOD CLOSE be worth now?

3 LIGHTWOOD CLOSE might now be worth an estimated £581,094.

This is based on house price inflation of 59.2%, between October 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 59.2% inflationary increase is applied to the most recent sale price for 3 LIGHTWOOD CLOSE of £365,000 on 3rd October 2014. For the value to have increased from £365,000 to £581,094 over the eleven years and eight months to February 2025, the following assumptions must hold true:

• The value of 3 LIGHTWOOD CLOSE has moved in line with the HPI for detached houses in the Lichfield local authority area.
• The October 2014 sale price of £365,000 represented a fair market value for the property.
• The size, condition, and specification of 3 LIGHTWOOD CLOSE has not materially changed since October 2014.

How Large is 3 LIGHTWOOD CLOSE?

3 LIGHTWOOD CLOSE is 145m², which includes one extension, according to the EPC inspection conducted in April 2014. This puts it in the largest 30% 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 3 LIGHTWOOD CLOSE lies on this distribution: 71% of detached houses houses are smaller than 3 LIGHTWOOD CLOSE, and 29% of houses are larger. Note that EPC data is not available for all properties in Lichfield.

3 LIGHTWOOD CLOSE: Plot and Title Map

3 LIGHTWOOD CLOSE sits on a plot of roughly 0.085 of an acre, or 343m². The below map shows the location of 3 LIGHTWOOD CLOSE, 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 3 LIGHTWOOD CLOSE). 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 3 LIGHTWOOD CLOSE?

3 LIGHTWOOD CLOSE is located in LICHFIELD, in the WS13 postcode district. The below map shows the position of No. 3 on LIGHTWOOD CLOSE.