4, LANCE DRIVE, BURNTWOOD, WS7 1FA - £170,000

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

4 LANCE DRIVE is a very small detached house of 64m², built sometime between 1976 and 1982. It was last sold for £170,000 in September 2017, which was around 53% below the average September 2017 detached price in the Lichfield local authority area. The most recent EPC inspection was January 2024, where the current energy rating was D, and the potential energy rating was B.

4 LANCE DRIVE Sold Prices

Land registry data shows two sales for 4 LANCE 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. Both of the two 4 LANCE DRIVE 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
2017 8 SEP	£170,000	£361,566	53% below HPI
1995 25 MAY	£48,000	£92,035	48% below HPI

4 LANCE 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 4 LANCE DRIVE sales from May 1995 and September 2017 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 May 1995 sale was for 48% below the HPI. So the extrapolation line tracks at 48% below the HPI over time, until the September 2017 sale, where it falls to 53% below the HPI. The line then continues to track at 53% below the HPI.

How Large is 4 LANCE DRIVE?

4 LANCE DRIVE is 64m² according to the EPC inspection conducted in January 2024. This puts it in the smallest 10% of detached houses in Burntwood, based on EPC data. The below chart shows the distribution of detached houses by size in Burntwood, and where 4 LANCE DRIVE lies on this distribution: 6% of detached houses are smaller than 4 LANCE DRIVE, and 94% of houses are larger. Note that EPC data is not available for all properties in Burntwood.

4 LANCE DRIVE: Plot and Title Map

4 LANCE DRIVE sits on a plot of roughly 0.049 of an acre, or 197m². The below map shows the location of 4 LANCE 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 4 LANCE 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 4 LANCE DRIVE?

4 LANCE DRIVE is located in BURNTWOOD, in the WS7 postcode district. The below map shows the position of No. 4 on LANCE DRIVE.