51, ELDER LANE, BURNTWOOD, WS7 9BT - £260,000

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

51 ELDER LANE is a small detached house of 90m², built sometime between 1950 and 1966. It was last sold for £260,000 in November 2019, which was around 30% below the average November 2019 detached price in the Lichfield local authority area. The most recent EPC inspection was December 2016, where the current energy rating was D, and the potential energy rating was B.

51 ELDER LANE Sold Prices

Land registry data shows two sales for 51 ELDER LANE 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 51 ELDER LANE 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
2019 8 NOV	£260,000	£373,576	30% below HPI
2017 19 MAY	£240,000	£338,538	29% below HPI

51 ELDER LANE 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 51 ELDER LANE sales from May 2017 and November 2019 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 May 2017 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the November 2019 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 51 ELDER LANE?

51 ELDER LANE is 90m² according to the EPC inspection conducted in December 2016. This puts it in the smallest 40% of detached houses in Burntwood, based on EPC data. The below chart shows the distribution of detached houses by size in Burntwood, and where 51 ELDER LANE lies on this distribution: 31% of detached houses are smaller than 51 ELDER LANE, and 67% of houses are larger. Note that EPC data is not available for all properties in Burntwood.

51 ELDER LANE: Plot and Title Map

51 ELDER LANE sits on a plot of roughly 0.096 of an acre, or 388m². The below map shows the location of 51 ELDER LANE, 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 51 ELDER LANE). 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 51 ELDER LANE?

51 ELDER LANE is located in BURNTWOOD, in the WS7 postcode district. The below map shows the position of No. 51 on ELDER LANE.