5, THE CHARTERS, LICHFIELD, WS13 7LX - £265,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

5 THE CHARTERS is a midsized detached house of 122m², built sometime between 1967 and 1975, which could now be worth an estimated £487,557. It was last sold for £265,000 in January 2013, which was around 5% below the average January 2013 detached price in the Lichfield local authority area. The most recent EPC inspection was August 2012, where the current energy rating was D, and the potential energy rating was C.

5 THE CHARTERS Sold Prices

Land registry data shows three sales for 5 THE CHARTERS 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 THE CHARTERS 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
2013 31 JAN	£265,000	£279,914	5% below HPI
2008 11 JUL	£250,000	£292,832	15% below HPI
1997 8 AUG	£11,457	£109,751	90% below HPI

5 THE CHARTERS 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 THE CHARTERS sales between August 1997 and January 2013 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 2008 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the January 2013 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might 5 THE CHARTERS be worth now?

5 THE CHARTERS might now be worth an estimated £487,557.

This is based on house price inflation of 84%, between January 2013 and December 2024, 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 84% inflationary increase is applied to the most recent sale price for 5 THE CHARTERS of £265,000 on 31st January 2013. For the value to have increased from £265,000 to £487,557 over the ten years and one month to December 2024, the following assumptions must hold true:

• The value of 5 THE CHARTERS has moved in line with the HPI for detached houses in the Lichfield local authority area.
• The January 2013 sale price of £265,000 represented a fair market value for the property.
• The size, condition, and specification of 5 THE CHARTERS has not materially changed since January 2013.

How Large is 5 THE CHARTERS?

5 THE CHARTERS is 122m² according to the EPC inspection conducted in August 2012. This puts it in the largest 50% 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 THE CHARTERS lies on this distribution: 53% of detached houses houses are smaller than 5 THE CHARTERS, and 47% of houses are larger. Note that EPC data is not available for all properties in Lichfield.

5 THE CHARTERS: Plot and Title Map

5 THE CHARTERS sits on a plot of roughly 0.081 of an acre, or 328m². The below map shows the location of 5 THE CHARTERS, 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 THE CHARTERS). 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 THE CHARTERS?

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