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

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

5 GORSTY BANK is a very small extended detached house of 86m², built sometime between 1983 and 1990. It was last sold for £390,000 in May 2022, which was around 13% 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	£448,607	13% below HPI
2016 29 JUN	£273,000	£338,257	19% below HPI
2009 23 JUL	£183,000	£256,283	29% 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 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the May 2022 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

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 in Lichfield, based on EPC data. The below chart shows the distribution of detached houses by size in Lichfield, and where 5 GORSTY BANK lies on this distribution: 17% of detached houses are smaller than 5 GORSTY BANK, and 82% 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.