31, SCHOOL LANE, HILL RIDWARE, RUGELEY, WS15 3QN - £352,000

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

31 SCHOOL LANE is a small detached house of 91m². It was last sold for £352,000 in September 2022, which was around 24% below the average September 2022 detached price in the Lichfield local authority area. The most recent EPC inspection was May 2020, where the current energy rating was B, and the potential energy rating was A.

31 SCHOOL LANE Sold Prices

Land registry data shows two sales for 31 SCHOOL LANE 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 31 SCHOOL 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
2022 23 SEP	£352,000	£465,340	24% below HPI
2019 7 NOV	£280,000	£373,576	25% below HPI

31 SCHOOL 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 two 31 SCHOOL LANE sales from November 2019 and September 2022 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 2019 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the September 2022 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 31 SCHOOL LANE?

31 SCHOOL LANE is 91m² according to the EPC inspection conducted in May 2020. This puts it in the smallest 30% of detached houses in Hill Ridware, based on EPC data. The below chart shows the distribution of detached houses by size in Hill Ridware, and where 31 SCHOOL LANE lies on this distribution: 20% of detached houses are smaller than 31 SCHOOL LANE, and 78% of houses are larger. Note that EPC data is not available for all properties in Hill Ridware.

31 SCHOOL LANE: Plot and Title Map

31 SCHOOL LANE sits on a plot of roughly 0.068 of an acre, or 273m². The below map shows the location of 31 SCHOOL 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 SCHOOL 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 SCHOOL LANE?

31 SCHOOL LANE is located in HILL RIDWARE, in the WS15 postcode district. The below map shows the position of No. 31 on SCHOOL LANE.