31, WHEEL LANE, LICHFIELD, WS13 7DH - £465,000

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 WHEEL LANE is a large extended detached house of 130m², built sometime before 1900, which could now be worth an estimated £567,137. It was last sold for £465,000 in May 2021, which was around 11% above the average May 2021 detached price in the Lichfield local authority area. The most recent EPC inspection was December 2020, where the current energy rating was D, and the potential energy rating was B.

31 WHEEL LANE Sold Prices

Land registry data shows five sales for 31 WHEEL LANE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Lichfield local authority area for the corresponding sale date. The five 31 WHEEL LANE sales were a mix of above the average price, roughly equal to the average price, and 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 7 MAY	£465,000	£417,457	11% above HPI
2014 22 AUG	£313,000	£313,257	Close to HPI
2004 28 MAY	£249,995	£240,533	4% above HPI
2002 7 MAY	£159,950	£171,585	7% below HPI
1999 10 FEB	£107,500	£121,119	11% below HPI

31 WHEEL 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 five 31 WHEEL LANE sales between February 1999 and May 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 August 2014 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the May 2021 sale, where it rises to 11% above the HPI. The line then continues to track at 11% above the HPI.

What might 31 WHEEL LANE be worth now?

31 WHEEL LANE might now be worth an estimated £567,137.

This is based on house price inflation of 22%, between May 2021 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 22% inflationary increase is applied to the most recent sale price for 31 WHEEL LANE of £465,000 on 7th May 2021. For the value to have increased from £465,000 to £567,137 over the four years and three months to February 2025, the following assumptions must hold true:

• The value of 31 WHEEL LANE has moved in line with the HPI for detached houses in the Lichfield local authority area.
• The May 2021 sale price of £465,000 represented a fair market value for the property.
• The size, condition, and specification of 31 WHEEL LANE has not materially changed since May 2021.

How Large is 31 WHEEL LANE?

31 WHEEL LANE is 130m², which includes four extensions, according to the EPC inspection conducted in December 2020. This puts it in the largest 40% 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 WHEEL LANE lies on this distribution: 61% of detached houses houses are smaller than 31 WHEEL LANE, and 39% of houses are larger. Note that EPC data is not available for all properties in Lichfield.

31 WHEEL LANE: Plot and Title Map

31 WHEEL LANE sits on a plot of roughly 0.063 of an acre, or 254m². The below map shows the location of 31 WHEEL 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 WHEEL 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 WHEEL LANE?

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