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

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

41 ELDER LANE is a large extended detached house of 124m², built sometime between 1967 and 1975. It was last sold for £542,500 in July 2021, which was around 33% 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	£408,316	33% above HPI
2020 28 FEB	£348,000	£386,798	10% below HPI
2017 3 NOV	£300,000	£362,921	17% below HPI
2006 14 JUL	£285,000	£271,747	5% above HPI
2004 2 APR	£248,000	£232,535	7% 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 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the July 2021 sale, where it rises to 33% above the HPI. The line then continues to track at 33% above the HPI.

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 in Burntwood, based on EPC data. The below chart shows the distribution of detached houses by size in Burntwood, and where 41 ELDER LANE lies on this distribution: 70% of detached 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.