42, OAK DRIVE, MILE OAK, TAMWORTH, B78 3PR - £450,000

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.

42 OAK DRIVE is a very large extended detached house of 164m², built sometime between 1996 and 2002, which could now be worth an estimated £548,175. It was last sold for £450,000 in March 2021, which was around 8% above the average March 2021 detached price in the Lichfield local authority area. The most recent EPC inspection was May 2012, where the current energy rating was C, and the potential energy rating was B.

42 OAK DRIVE Sold Prices

Land registry data shows three sales for 42 OAK DRIVE 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 42 OAK DRIVE 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 29 MAR	£450,000	£417,965	8% above HPI
2013 19 APR	£315,000	£286,461	10% above HPI
2004 14 MAY	£345,950	£240,533	44% above HPI

42 OAK DRIVE 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 42 OAK DRIVE sales between May 2004 and March 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 April 2013 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the March 2021 sale, where it falls to 8% above the HPI. The line then continues to track at 8% above the HPI.

What might 42 OAK DRIVE be worth now?

42 OAK DRIVE might now be worth an estimated £548,175.

This is based on house price inflation of 21.8%, between March 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 21.8% inflationary increase is applied to the most recent sale price for 42 OAK DRIVE of £450,000 on 29th March 2021. For the value to have increased from £450,000 to £548,175 over the four years and one month to February 2025, the following assumptions must hold true:

• The value of 42 OAK DRIVE has moved in line with the HPI for detached houses in the Lichfield local authority area.
• The March 2021 sale price of £450,000 represented a fair market value for the property.
• The size, condition, and specification of 42 OAK DRIVE has not materially changed since March 2021.

How Large is 42 OAK DRIVE?

42 OAK DRIVE is 164m², which includes one extension, according to the EPC inspection conducted in May 2012. This puts it in the largest 20% of detached houses houses in Fazeley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Fazeley, and where 42 OAK DRIVE lies on this distribution: 86% of detached houses houses are smaller than 42 OAK DRIVE, and 14% of houses are larger. Note that EPC data is not available for all properties in Fazeley.

42 OAK DRIVE: Plot and Title Map

42 OAK DRIVE sits on a plot of roughly 0.114 of an acre, or 460m². The below map shows the location of 42 OAK DRIVE, 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 42 OAK DRIVE). 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 42 OAK DRIVE?

42 OAK DRIVE is located in MILE OAK, in the B78 postcode district. The below map shows the position of No. 42 on OAK DRIVE.