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

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 WHEEL LANE is a large extended detached house of 130m², built sometime before 1900. It was last sold for £465,000 in May 2021, which was around 14% 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. Most of the five 31 WHEEL 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
2021 7 MAY	£465,000	£407,390	14% above HPI
2014 22 AUG	£313,000	£305,703	2% above HPI
2004 28 MAY	£249,995	£234,733	7% above HPI
2002 7 MAY	£159,950	£167,447	4% below HPI
1999 10 FEB	£107,500	£118,198	9% 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 was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the May 2021 sale, where it rises to 14% above the HPI. The line then continues to track at 14% above the HPI.

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 in Lichfield, based on EPC data. The below chart shows the distribution of detached houses by size in Lichfield, and where 31 WHEEL LANE lies on this distribution: 61% of detached houses are smaller than 31 WHEEL LANE, and 38% 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.