3, WEBB CLOSE, FRADLEY, LICHFIELD, WS13 8TF - £390,000

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 WEBB CLOSE is a very large detached house of 175m², built sometime between 1996 and 2002. It was last sold for £390,000 in June 2021, which was around 6% below the average June 2021 detached price in the Lichfield local authority area. The most recent EPC inspection was February 2021, where the current energy rating was C, and the potential energy rating was B.

3 WEBB CLOSE Sold Prices

Land registry data shows four sales for 3 WEBB CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Lichfield local authority area for the corresponding sale date. Most of the four 3 WEBB CLOSE 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
2021 17 JUN	£390,000	£412,784	6% below HPI
2015 15 SEP	£318,000	£327,791	3% below HPI
2006 22 SEP	£270,000	£282,949	5% below HPI
2002 24 MAY	£205,000	£167,447	22% above HPI

3 WEBB 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 four 3 WEBB CLOSE sales between May 2002 and June 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 September 2015 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the June 2021 sale, where it falls to 6% below the HPI. The line then continues to track at 6% below the HPI.

How Large is 3 WEBB CLOSE?

3 WEBB CLOSE is 175m² according to the EPC inspection conducted in February 2021. This puts it in the largest 20% of detached houses in Fradley South, based on EPC data. The below chart shows the distribution of detached houses by size in Fradley South, and where 3 WEBB CLOSE lies on this distribution: 84% of detached houses are smaller than 3 WEBB CLOSE, and 14% of houses are larger. Note that EPC data is not available for all properties in Fradley South.

3 WEBB CLOSE: Plot and Title Map

3 WEBB CLOSE sits on a plot of roughly 0.087 of an acre, or 354m². The below map shows the location of 3 WEBB 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 WEBB 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 WEBB CLOSE?

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