48, COMMON LANE, FRADLEY, LICHFIELD, WS13 8TG - £428,000

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.

48 COMMON LANE is a small detached house of 109m², built sometime between 2003 and 2006, which could now be worth an estimated £458,526. It was last sold for £428,000 in August 2022, which was around 10% below the average August 2022 detached price in the Lichfield local authority area. The most recent EPC inspection was March 2011, where the current energy rating was C, and the potential energy rating was C.

48 COMMON LANE Sold Prices

Land registry data shows two sales for 48 COMMON 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. One of the two 48 COMMON LANE sales was for below the average price, whilst the other was 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
2022 31 AUG	£428,000	£475,255	10% below HPI
2004 17 DEC	£287,950	£264,477	9% above HPI

48 COMMON 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 48 COMMON LANE sales from December 2004 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 2004 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the August 2022 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might 48 COMMON LANE be worth now?

48 COMMON LANE might now be worth an estimated £458,526.

This is based on house price inflation of 7.1%, between August 2022 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 7.1% inflationary increase is applied to the most recent sale price for 48 COMMON LANE of £428,000 on 31st August 2022. For the value to have increased from £428,000 to £458,526 over the three years and six months to February 2025, the following assumptions must hold true:

• The value of 48 COMMON LANE has moved in line with the HPI for detached houses in the Lichfield local authority area.
• The August 2022 sale price of £428,000 represented a fair market value for the property.
• The size, condition, and specification of 48 COMMON LANE has not materially changed since August 2022.

How Large is 48 COMMON LANE?

48 COMMON LANE is 109m² according to the EPC inspection conducted in March 2011. This puts it in the smallest 30% of detached houses houses in Fradley South, based on EPC data. The below chart shows the distribution of detached houses houses by size in Fradley South, and where 48 COMMON LANE lies on this distribution: 28% of detached houses houses are smaller than 48 COMMON LANE, and 72% of houses are larger. Note that EPC data is not available for all properties in Fradley South.

48 COMMON LANE: Plot and Title Map

48 COMMON LANE sits on a plot of roughly 0.087 of an acre, or 351m². The below map shows the location of 48 COMMON 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 48 COMMON 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 48 COMMON LANE?

48 COMMON LANE is located in FRADLEY, in the WS13 postcode district. The below map shows the position of No. 48 on COMMON LANE.