41, ELDER LANE, BURNTWOOD, WS7 9BT - £542,500

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.

41 ELDER LANE is a large extended detached house of 124m², built sometime between 1967 and 1975, which could now be worth an estimated £660,159. It was last sold for £542,500 in July 2021, which was around 30% above the average July 2021 detached price in the Lichfield local authority area. The most recent EPC inspection was January 2017, where the current energy rating was E, and the potential energy rating was C.

41 ELDER LANE Sold Prices

Land registry data shows five sales for 41 ELDER 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 41 ELDER 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 16 JUL	£542,500	£418,406	30% above HPI
2020 28 FEB	£348,000	£396,357	12% below HPI
2017 3 NOV	£300,000	£371,889	19% below HPI
2006 14 JUL	£285,000	£278,463	2% above HPI
2004 2 APR	£248,000	£238,282	4% above HPI

41 ELDER 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 41 ELDER LANE sales between April 2004 and July 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 February 2020 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the July 2021 sale, where it rises to 30% above the HPI. The line then continues to track at 30% above the HPI.

What might 41 ELDER LANE be worth now?

41 ELDER LANE might now be worth an estimated £660,159.

This is based on house price inflation of 21.7%, between July 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 21.7% inflationary increase is applied to the most recent sale price for 41 ELDER LANE of £542,500 on 16th July 2021. For the value to have increased from £542,500 to £660,159 over the four years and five months to February 2025, the following assumptions must hold true:

• The value of 41 ELDER LANE has moved in line with the HPI for detached houses in the Lichfield local authority area.
• The July 2021 sale price of £542,500 represented a fair market value for the property.
• The size, condition, and specification of 41 ELDER LANE has not materially changed since July 2021.

How Large is 41 ELDER LANE?

41 ELDER LANE is 124m², which includes one extension, according to the EPC inspection conducted in January 2017. This puts it in the largest 30% of detached houses houses in Burntwood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Burntwood, and where 41 ELDER LANE lies on this distribution: 70% of detached houses houses are smaller than 41 ELDER LANE, and 29% of houses are larger. Note that EPC data is not available for all properties in Burntwood.

41 ELDER LANE: Plot and Title Map

41 ELDER LANE sits on a plot of roughly 0.118 of an acre, or 477m². The below map shows the location of 41 ELDER 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 41 ELDER 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 41 ELDER LANE?

41 ELDER LANE is located in BURNTWOOD, in the WS7 postcode district. The below map shows the position of No. 41 on ELDER LANE.