44, BALMORAL CLOSE, LICHFIELD, WS14 9SP - £576,000

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.

44 BALMORAL CLOSE is a large extended detached house of 147m², built sometime between 1983 and 1990, which could now be worth an estimated £704,812. It was last sold for £576,000 in February 2021, which was around 38% above the average February 2021 detached price in the Lichfield local authority area. The most recent EPC inspection was June 2020, where the current energy rating was D, and the potential energy rating was C.

44 BALMORAL CLOSE Sold Prices

Land registry data shows two sales for 44 BALMORAL CLOSE 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 44 BALMORAL CLOSE 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 11 FEB	£576,000	£416,098	38% above HPI
2007 30 MAR	£397,500	£289,562	37% above HPI

44 BALMORAL CLOSE 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 44 BALMORAL CLOSE sales from March 2007 and February 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 March 2007 sale was for 37% above the HPI. So the extrapolation line tracks at 37% above the HPI over time, until the February 2021 sale, where it rises to 38% above the HPI. The line then continues to track at 38% above the HPI.

What might 44 BALMORAL CLOSE be worth now?

44 BALMORAL CLOSE might now be worth an estimated £704,812.

This is based on house price inflation of 22.4%, between February 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 22.4% inflationary increase is applied to the most recent sale price for 44 BALMORAL CLOSE of £576,000 on 11th February 2021. For the value to have increased from £576,000 to £704,812 over the four years to February 2025, the following assumptions must hold true:

• The value of 44 BALMORAL CLOSE has moved in line with the HPI for detached houses in the Lichfield local authority area.
• The February 2021 sale price of £576,000 represented a fair market value for the property.
• The size, condition, and specification of 44 BALMORAL CLOSE has not materially changed since February 2021.

How Large is 44 BALMORAL CLOSE?

44 BALMORAL CLOSE is 147m², which includes one extension, according to the EPC inspection conducted in June 2020. This puts it in the largest 30% of detached houses houses in Lichfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lichfield, and where 44 BALMORAL CLOSE lies on this distribution: 72% of detached houses houses are smaller than 44 BALMORAL CLOSE, and 27% of houses are larger. Note that EPC data is not available for all properties in Lichfield.

44 BALMORAL CLOSE: Plot and Title Map

44 BALMORAL CLOSE sits on a plot of roughly 0.131 of an acre, or 532m². The below map shows the location of 44 BALMORAL CLOSE, 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 44 BALMORAL CLOSE). 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 44 BALMORAL CLOSE?

44 BALMORAL CLOSE is located in LICHFIELD, in the WS14 postcode district. The below map shows the position of No. 44 on BALMORAL CLOSE.