41, WHEEL LANE, LICHFIELD, WS13 7DH - £386,000

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

41 WHEEL LANE is a very small extended detached house of 89m², built sometime between 1967 and 1975. It was last sold for £386,000 in August 2022, which was around 17% below the average August 2022 detached price in the Lichfield local authority area. The most recent EPC inspection was April 2019, where the current energy rating was D, and the potential energy rating was C.

41 WHEEL LANE Sold Prices

Land registry data shows two sales for 41 WHEEL LANE 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 41 WHEEL 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
2022 2 AUG	£386,000	£463,794	17% below HPI
2019 6 DEC	£282,500	£375,361	25% below HPI

41 WHEEL 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 two 41 WHEEL LANE sales from December 2019 and August 2022 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 December 2019 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the August 2022 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 41 WHEEL LANE?

41 WHEEL LANE is 89m², which includes two extensions, according to the EPC inspection conducted in April 2019. This puts it in the smallest 20% of detached houses in Lichfield, based on EPC data. The below chart shows the distribution of detached houses by size in Lichfield, and where 41 WHEEL LANE lies on this distribution: 19% of detached houses are smaller than 41 WHEEL LANE, and 80% of houses are larger. Note that EPC data is not available for all properties in Lichfield.

41 WHEEL LANE: Plot and Title Map

41 WHEEL LANE sits on a plot of roughly 0.067 of an acre, or 269m². The below map shows the location of 41 WHEEL 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 WHEEL 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 WHEEL LANE?

41 WHEEL LANE is located in LICHFIELD, in the WS13 postcode district. The below map shows the position of No. 41 on WHEEL LANE.