5, ERASMUS WAY, LICHFIELD, WS13 7AW - £425,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

5 ERASMUS WAY is a midsized extended detached house of 115m², built sometime between 1950 and 1966. It was last sold for £425,000 in August 2023, which was around 10% below the average August 2023 detached price in the Lichfield local authority area. The most recent EPC inspection was June 2023, where the current energy rating was D, and the potential energy rating was C.

5 ERASMUS WAY Sold Prices

Land registry data shows three sales for 5 ERASMUS WAY 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 5 ERASMUS WAY 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 24 AUG	£425,000	£470,366	10% below HPI
2010 16 APR	£225,000	£280,224	20% below HPI
1997 28 AUG	£87,000	£107,104	19% below HPI

5 ERASMUS WAY 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 5 ERASMUS WAY sales between August 1997 and August 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 April 2010 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the August 2023 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 5 ERASMUS WAY?

5 ERASMUS WAY is 115m², which includes one extension, according to the EPC inspection conducted in June 2023. This puts it in the smallest 50% of detached houses in Lichfield, based on EPC data. The below chart shows the distribution of detached houses by size in Lichfield, and where 5 ERASMUS WAY lies on this distribution: 46% of detached houses are smaller than 5 ERASMUS WAY, and 54% of houses are larger. Note that EPC data is not available for all properties in Lichfield.

5 ERASMUS WAY: Plot and Title Map

5 ERASMUS WAY sits on a plot of roughly 0.061 of an acre, or 247m². The below map shows the location of 5 ERASMUS WAY, 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 5 ERASMUS WAY). 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 5 ERASMUS WAY?

5 ERASMUS WAY is located in LICHFIELD, in the WS13 postcode district. The below map shows the position of No. 5 on ERASMUS WAY.