31, FAREWELL LANE, BURNTWOOD, WS7 9DW - £377,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

31 FAREWELL LANE is a very large extended detached house of 139m², built sometime between 1967 and 1975, which could now be worth an estimated £490,495. It was last sold for £377,500 in February 2020, which was around 5% below the average February 2020 detached price in the Lichfield local authority area. The most recent EPC inspection was May 2015, where the current energy rating was C, and the potential energy rating was C.

31 FAREWELL LANE Sold Prices

Land registry data shows three sales for 31 FAREWELL LANE 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 31 FAREWELL 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
2020 12 FEB	£377,500	£396,357	5% below HPI
2015 7 JUL	£220,000	£334,129	34% below HPI
2011 17 JAN	£240,000	£292,344	18% below HPI

31 FAREWELL 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 three 31 FAREWELL LANE sales between January 2011 and February 2020 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 2015 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the February 2020 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might 31 FAREWELL LANE be worth now?

31 FAREWELL LANE might now be worth an estimated £490,495.

This is based on house price inflation of 29.9%, between February 2020 and December 2024, 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 29.9% inflationary increase is applied to the most recent sale price for 31 FAREWELL LANE of £377,500 on 12th February 2020. For the value to have increased from £377,500 to £490,495 over the three years and two months to December 2024, the following assumptions must hold true:

• The value of 31 FAREWELL LANE has moved in line with the HPI for detached houses in the Lichfield local authority area.
• The February 2020 sale price of £377,500 represented a fair market value for the property.
• The size, condition, and specification of 31 FAREWELL LANE has not materially changed since February 2020.

How Large is 31 FAREWELL LANE?

31 FAREWELL LANE is 139m², which includes one extension, according to the EPC inspection conducted in May 2015. This puts it in the largest 20% of detached houses houses in Burntwood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Burntwood, and where 31 FAREWELL LANE lies on this distribution: 83% of detached houses houses are smaller than 31 FAREWELL LANE, and 17% of houses are larger. Note that EPC data is not available for all properties in Burntwood.

31 FAREWELL LANE: Plot and Title Map

31 FAREWELL LANE sits on a plot of roughly 0.098 of an acre, or 397m². The below map shows the location of 31 FAREWELL 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 31 FAREWELL 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 31 FAREWELL LANE?

31 FAREWELL LANE is located in BURNTWOOD, in the WS7 postcode district. The below map shows the position of No. 31 on FAREWELL LANE.