4, THE PARCHMENTS, LICHFIELD, WS13 7NA - £575,000

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 THE PARCHMENTS is a large extended detached house of 160m², built sometime between 1967 and 1975. It was last sold for £575,000 in January 2021, which was around 41% above the average January 2021 detached price in the Lichfield local authority area. The most recent EPC inspection was October 2020, where the current energy rating was E, and the potential energy rating was C.

4 THE PARCHMENTS Sold Prices

Land registry data shows two sales for 4 THE PARCHMENTS 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 THE PARCHMENTS 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 22 JAN	£575,000	£408,800	41% above HPI
1998 1 JUL	£161,700	£121,552	33% above HPI

4 THE PARCHMENTS 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 THE PARCHMENTS sales from July 1998 and January 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 July 1998 sale was for 33% above the HPI. So the extrapolation line tracks at 33% above the HPI over time, until the January 2021 sale, where it rises to 41% above the HPI. The line then continues to track at 41% above the HPI.

How Large is 4 THE PARCHMENTS?

4 THE PARCHMENTS is 160m², which includes one extension, according to the EPC inspection conducted in October 2020. This puts it in the largest 30% of detached houses in Lichfield, based on EPC data. The below chart shows the distribution of detached houses by size in Lichfield, and where 4 THE PARCHMENTS lies on this distribution: 79% of detached houses are smaller than 4 THE PARCHMENTS, and 21% of houses are larger. Note that EPC data is not available for all properties in Lichfield.

4 THE PARCHMENTS: Plot and Title Map

4 THE PARCHMENTS sits on a plot of roughly 0.103 of an acre, or 416m². The below map shows the location of 4 THE PARCHMENTS, 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 THE PARCHMENTS). 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 THE PARCHMENTS?

4 THE PARCHMENTS is located in LICHFIELD, in the WS13 postcode district. The below map shows the position of No. 4 on THE PARCHMENTS.