48, RAILWAY LANE, BURNTWOOD, WS7 1LT - £282,220

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

48 RAILWAY LANE is a small detached house of 89m², built sometime between 1976 and 1982. It was last sold for £282,220 in December 2023, which was around 39% below the average December 2023 detached price in the Lichfield local authority area. The most recent EPC inspection was June 2023, where the current energy rating was C, and the potential energy rating was B.

48 RAILWAY LANE Sold Prices

Land registry data shows two sales for 48 RAILWAY 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 48 RAILWAY 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
2023 13 DEC	£282,220	£462,129	39% below HPI
2017 31 JUL	£195,500	£349,461	44% below HPI

48 RAILWAY 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 RAILWAY LANE sales from July 2017 and December 2023 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 2017 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the December 2023 sale, where it rises to 39% below the HPI. The line then continues to track at 39% below the HPI.

How Large is 48 RAILWAY LANE?

48 RAILWAY LANE is 89m² according to the EPC inspection conducted in June 2023. This puts it in the smallest 40% of detached houses in Burntwood, based on EPC data. The below chart shows the distribution of detached houses by size in Burntwood, and where 48 RAILWAY LANE lies on this distribution: 31% of detached houses are smaller than 48 RAILWAY LANE, and 69% of houses are larger. Note that EPC data is not available for all properties in Burntwood.

48 RAILWAY LANE: Plot and Title Map

48 RAILWAY LANE sits on a plot of roughly 0.074 of an acre, or 300m². The below map shows the location of 48 RAILWAY 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 RAILWAY 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 RAILWAY LANE?

48 RAILWAY LANE is located in BURNTWOOD, in the WS7 postcode district. The below map shows the position of No. 48 on RAILWAY LANE.