5, GORSTY BANK, LICHFIELD, WS14 9UB - £390,000

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.

5 GORSTY BANK is a very small extended detached house of 86m², built sometime between 1983 and 1990, which could now be worth an estimated £431,960. It was last sold for £390,000 in May 2022, which was around 15% below the average May 2022 detached price in the Lichfield local authority area. The most recent EPC inspection was April 2024, where the current energy rating was C, and the potential energy rating was B.

5 GORSTY BANK Sold Prices

Land registry data shows three sales for 5 GORSTY BANK 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 GORSTY BANK 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 27 MAY	£390,000	£459,693	15% below HPI
2016 29 JUN	£273,000	£346,616	21% below HPI
2009 23 JUL	£183,000	£262,616	30% below HPI

5 GORSTY BANK 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 GORSTY BANK sales between July 2009 and May 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 June 2016 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the May 2022 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 5 GORSTY BANK be worth now?

5 GORSTY BANK might now be worth an estimated £431,960.

This is based on house price inflation of 10.8%, between May 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 10.8% inflationary increase is applied to the most recent sale price for 5 GORSTY BANK of £390,000 on 27th May 2022. For the value to have increased from £390,000 to £431,960 over the three years and three months to February 2025, the following assumptions must hold true:

• The value of 5 GORSTY BANK has moved in line with the HPI for detached houses in the Lichfield local authority area.
• The May 2022 sale price of £390,000 represented a fair market value for the property.
• The size, condition, and specification of 5 GORSTY BANK has not materially changed since May 2022.

How Large is 5 GORSTY BANK?

5 GORSTY BANK is 86m², which includes one extension, according to the EPC inspection conducted in April 2024. This puts it in the smallest 20% 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 5 GORSTY BANK lies on this distribution: 17% of detached houses houses are smaller than 5 GORSTY BANK, and 83% of houses are larger. Note that EPC data is not available for all properties in Lichfield.

5 GORSTY BANK: Plot and Title Map

5 GORSTY BANK sits on a plot of roughly 0.061 of an acre, or 248m². The below map shows the location of 5 GORSTY BANK, 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 GORSTY BANK). 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 GORSTY BANK?

5 GORSTY BANK is located in LICHFIELD, in the WS14 postcode district. The below map shows the position of No. 5 on GORSTY BANK.