5, PARKES DRIVE, STREETHAY, LICHFIELD, WS13 8FU - £710,000

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 PARKES DRIVE is a very large detached house of 150m², which could now be worth an estimated £761,095. It was last sold for £710,000 in April 2024, which was around 49% above the average April 2024 detached price in the Lichfield local authority area. The most recent EPC inspection was February 2019, where the current energy rating was B, and the potential energy rating was B.

5 PARKES DRIVE Sold Prices

Land registry data shows two sales for 5 PARKES DRIVE 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 5 PARKES DRIVE sales were 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
2024 29 APR	£710,000	£474,970	49% above HPI
2019 29 MAR	£440,000	£382,128	15% above HPI

5 PARKES DRIVE 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 5 PARKES DRIVE sales from March 2019 and April 2024 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 March 2019 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the April 2024 sale, where it rises to 49% above the HPI. The line then continues to track at 49% above the HPI.

What might 5 PARKES DRIVE be worth now?

5 PARKES DRIVE might now be worth an estimated £761,095.

This is based on house price inflation of 7.2%, between April 2024 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 7.2% inflationary increase is applied to the most recent sale price for 5 PARKES DRIVE of £710,000 on 29th April 2024. For the value to have increased from £710,000 to £761,095 over the one year and two months to February 2025, the following assumptions must hold true:

• The value of 5 PARKES DRIVE has moved in line with the HPI for detached houses in the Lichfield local authority area.
• The April 2024 sale price of £710,000 represented a fair market value for the property.
• The size, condition, and specification of 5 PARKES DRIVE has not materially changed since April 2024.

How Large is 5 PARKES DRIVE?

5 PARKES DRIVE is 150m² according to the EPC inspection conducted in February 2019. This puts it in the largest 20% of detached houses houses in Streethay, based on EPC data. The below chart shows the distribution of detached houses houses by size in Streethay, and where 5 PARKES DRIVE lies on this distribution: 82% of detached houses houses are smaller than 5 PARKES DRIVE, and 17% of houses are larger. Note that EPC data is not available for all properties in Streethay.

5 PARKES DRIVE: Plot and Title Map

5 PARKES DRIVE sits on a plot of roughly 0.088 of an acre, or 358m². The below map shows the location of 5 PARKES DRIVE, 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 PARKES DRIVE). 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 PARKES DRIVE?

5 PARKES DRIVE is located in STREETHAY, in the WS13 postcode district. The below map shows the position of No. 5 on PARKES DRIVE.