31, STATFOLD LANE, FRADLEY, LICHFIELD, WS13 8NY - £190,000

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 STATFOLD LANE is a midsized detached house of 124m², built sometime between 1991 and 1995, which could now be worth an estimated £563,293. It was last sold for £190,000 in May 2002, which was around 11% above the average May 2002 detached price in the Lichfield local authority area. The most recent EPC inspection was September 2014, where the current energy rating was C, and the potential energy rating was B.

31 STATFOLD LANE Sold Prices

Land registry data shows two sales for 31 STATFOLD 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 STATFOLD LANE 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
2002 10 MAY	£190,000	£171,585	11% above HPI
1998 5 JUN	£140,000	£117,105	20% above HPI

31 STATFOLD 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 STATFOLD LANE sales from June 1998 and May 2002 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 June 1998 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the May 2002 sale, where it falls to 11% above the HPI. The line then continues to track at 11% above the HPI.

What might 31 STATFOLD LANE be worth now?

31 STATFOLD LANE might now be worth an estimated £563,293.

This is based on house price inflation of 196.5%, between May 2002 and March 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 196.5% inflationary increase is applied to the most recent sale price for 31 STATFOLD LANE of £190,000 on 10th May 2002. For the value to have increased from £190,000 to £563,293 over the 23 years and two months to March 2025, the following assumptions must hold true:

• The value of 31 STATFOLD LANE has moved in line with the HPI for detached houses in the Lichfield local authority area.
• The May 2002 sale price of £190,000 represented a fair market value for the property.
• The size, condition, and specification of 31 STATFOLD LANE has not materially changed since May 2002.

How Large is 31 STATFOLD LANE?

31 STATFOLD LANE is 124m² according to the EPC inspection conducted in September 2014. This puts it in the smallest 50% of detached houses houses in Fradley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Fradley, and where 31 STATFOLD LANE lies on this distribution: 47% of detached houses houses are smaller than 31 STATFOLD LANE, and 51% of houses are larger. Note that EPC data is not available for all properties in Fradley.

31 STATFOLD LANE: Plot and Title Map

31 STATFOLD LANE sits on a plot of roughly 0.135 of an acre, or 547m². The below map shows the location of 31 STATFOLD 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 STATFOLD 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 STATFOLD LANE?

31 STATFOLD LANE is located in FRADLEY, in the WS13 postcode district. The below map shows the position of No. 31 on STATFOLD LANE.