31, RICHMOND DRIVE, LICHFIELD, WS14 9SZ - £395,000

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.

31 RICHMOND DRIVE is a midsized extended detached house of 111m², built sometime between 1983 and 1990, which could now be worth an estimated £522,700. It was last sold for £395,000 in September 2018, which was around 3% above the average September 2018 detached price in the Lichfield local authority area. The most recent EPC inspection was April 2011, where the current energy rating was D, and the potential energy rating was C.

31 RICHMOND DRIVE Sold Prices

Land registry data shows two sales for 31 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. One of the two 31 RICHMOND DRIVE sales was for above the average price, whilst the other was 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 17 SEP	£395,000	£384,761	3% above HPI
2012 12 JAN	£282,500	£297,496	5% below HPI

31 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 31 RICHMOND DRIVE sales from January 2012 and September 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 January 2012 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the September 2018 sale, where it rises to 3% above the HPI. The line then continues to track at 3% above the HPI.

What might 31 RICHMOND DRIVE be worth now?

31 RICHMOND DRIVE might now be worth an estimated £522,700.

This is based on house price inflation of 32.3%, between September 2018 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 32.3% inflationary increase is applied to the most recent sale price for 31 RICHMOND DRIVE of £395,000 on 17th September 2018. For the value to have increased from £395,000 to £522,700 over the seven years and seven months to February 2025, the following assumptions must hold true:

• The value of 31 RICHMOND DRIVE has moved in line with the HPI for detached houses in the Lichfield local authority area.
• The September 2018 sale price of £395,000 represented a fair market value for the property.
• The size, condition, and specification of 31 RICHMOND DRIVE has not materially changed since September 2018.

How Large is 31 RICHMOND DRIVE?

31 RICHMOND DRIVE is 111m², which includes one extension, according to the EPC inspection conducted in April 2011. This puts it in the smallest 50% 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 31 RICHMOND DRIVE lies on this distribution: 42% of detached houses houses are smaller than 31 RICHMOND DRIVE, and 58% of houses are larger. Note that EPC data is not available for all properties in Lichfield.

31 RICHMOND DRIVE: Plot and Title Map

31 RICHMOND DRIVE sits on a plot of roughly 0.080 of an acre, or 322m². The below map shows the location of 31 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 31 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 31 RICHMOND DRIVE?

31 RICHMOND DRIVE is located in LICHFIELD, in the WS14 postcode district. The below map shows the position of No. 31 on RICHMOND DRIVE.