3, RICHMOND DRIVE, LICHFIELD, WS14 9SZ - £573,000

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

3 RICHMOND DRIVE is a large extended detached house of 159m², built sometime between 1976 and 1982. It was last sold for £573,000 in September 2021, which was around 39% above the average September 2021 detached price in the Lichfield local authority area. The most recent EPC inspection was April 2021, where the current energy rating was D, and the potential energy rating was C.

3 RICHMOND DRIVE Sold Prices

Land registry data shows two sales for 3 RICHMOND DRIVE 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 3 RICHMOND DRIVE 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
2021 1 SEP	£573,000	£410,758	39% above HPI
1999 5 NOV	£163,000	£132,466	23% above HPI

3 RICHMOND DRIVE 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 3 RICHMOND DRIVE sales from November 1999 and September 2021 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 November 1999 sale was for 23% above the HPI. So the extrapolation line tracks at 23% above the HPI over time, until the September 2021 sale, where it rises to 39% above the HPI. The line then continues to track at 39% above the HPI.

How Large is 3 RICHMOND DRIVE?

3 RICHMOND DRIVE is 159m², which includes one extension, according to the EPC inspection conducted in April 2021. This puts it in the largest 30% of detached houses in Lichfield, based on EPC data. The below chart shows the distribution of detached houses by size in Lichfield, and where 3 RICHMOND DRIVE lies on this distribution: 78% of detached houses are smaller than 3 RICHMOND DRIVE, and 21% of houses are larger. Note that EPC data is not available for all properties in Lichfield.

3 RICHMOND DRIVE: Plot and Title Map

3 RICHMOND DRIVE sits on a plot of roughly 0.080 of an acre, or 325m². The below map shows the location of 3 RICHMOND DRIVE, 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 RICHMOND DRIVE). 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 RICHMOND DRIVE?

3 RICHMOND DRIVE is located in LICHFIELD, in the WS14 postcode district. The below map shows the position of No. 3 on RICHMOND DRIVE.