40, SCHOOL LANE, HILL RIDWARE, RUGELEY, WS15 3QN - £293,000

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

40 SCHOOL LANE is a very small extended detached house of 65m², built sometime between 1976 and 1982. It was last sold for £293,000 in September 2020, which was around 25% below the average September 2020 detached price in the Lichfield local authority area. The most recent EPC inspection was August 2020, where the current energy rating was D, and the potential energy rating was B.

40 SCHOOL LANE Sold Prices

Land registry data shows three sales for 40 SCHOOL LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Lichfield local authority area for the corresponding sale date. All of the three 40 SCHOOL LANE 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
2020 2 SEP	£293,000	£390,802	25% below HPI
2017 13 APR	£270,000	£337,683	20% below HPI
2010 14 JUL	£175,000	£277,952	37% below HPI

40 SCHOOL 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 three 40 SCHOOL LANE sales between July 2010 and September 2020 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 April 2017 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the September 2020 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 40 SCHOOL LANE?

40 SCHOOL LANE is 65m², which includes one extension, according to the EPC inspection conducted in August 2020. This puts it in the smallest 10% of detached houses in Hill Ridware, based on EPC data. The below chart shows the distribution of detached houses by size in Hill Ridware, and where 40 SCHOOL LANE lies on this distribution: 2% of detached houses are smaller than 40 SCHOOL LANE, and 97% of houses are larger. Note that EPC data is not available for all properties in Hill Ridware.

40 SCHOOL LANE: Plot and Title Map

40 SCHOOL LANE sits on a plot of roughly 0.221 of an acre, or 893m². The below map shows the location of 40 SCHOOL 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 40 SCHOOL 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 40 SCHOOL LANE?

40 SCHOOL LANE is located in HILL RIDWARE, in the WS15 postcode district. The below map shows the position of No. 40 on SCHOOL LANE.