45, SPINNEY LANE, BURNTWOOD, WS7 2HA - £317,500

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

45 SPINNEY LANE is a midsized extended detached house of 101m², built sometime between 1991 and 1995. It was last sold for £317,500 in October 2022, which was around 33% below the average October 2022 detached price in the Lichfield local authority area. The most recent EPC inspection was February 2022, where the current energy rating was D, and the potential energy rating was B.

45 SPINNEY LANE Sold Prices

Land registry data shows four sales for 45 SPINNEY LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Lichfield local authority area for the corresponding sale date. All of the four 45 SPINNEY 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 20 OCT	£317,500	£476,308	33% below HPI
2003 3 JUL	£152,500	£214,934	29% below HPI
2000 5 JUN	£99,450	£134,529	26% below HPI
1995 10 MAR	£75,000	£93,652	20% below HPI

45 SPINNEY 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 four 45 SPINNEY LANE sales between March 1995 and October 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 July 2003 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the October 2022 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

How Large is 45 SPINNEY LANE?

45 SPINNEY LANE is 101m², which includes one extension, according to the EPC inspection conducted in February 2022. This puts it in the smallest 50% of detached houses in Burntwood, based on EPC data. The below chart shows the distribution of detached houses by size in Burntwood, and where 45 SPINNEY LANE lies on this distribution: 42% of detached houses are smaller than 45 SPINNEY LANE, and 57% of houses are larger. Note that EPC data is not available for all properties in Burntwood.

45 SPINNEY LANE: Plot and Title Map

45 SPINNEY LANE sits on a plot of roughly 0.067 of an acre, or 270m². The below map shows the location of 45 SPINNEY 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 45 SPINNEY 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 45 SPINNEY LANE?

45 SPINNEY LANE is located in BURNTWOOD, in the WS7 postcode district. The below map shows the position of No. 45 on SPINNEY LANE.