55, WHEEL LANE, LICHFIELD, WS13 7EA - £275,000

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

55 WHEEL LANE is a midsized extended detached house of 122m², built sometime between 1967 and 1975. It was last sold for £275,000 in June 2014, which was around 10% below the average June 2014 detached price in the Lichfield local authority area. The most recent EPC inspection was April 2014, where the current energy rating was D, and the potential energy rating was B.

55 WHEEL LANE Sold Prices

Land registry data shows two sales for 55 WHEEL 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 55 WHEEL 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
2014 11 JUN	£275,000	£305,201	10% below HPI
1996 26 JAN	£70,250	£94,157	25% below HPI

55 WHEEL 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 55 WHEEL LANE sales from January 1996 and June 2014 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 January 1996 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the June 2014 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 55 WHEEL LANE?

55 WHEEL LANE is 122m², which includes two extensions, according to the EPC inspection conducted in April 2014. This puts it in the largest 50% of detached houses in Lichfield, based on EPC data. The below chart shows the distribution of detached houses by size in Lichfield, and where 55 WHEEL LANE lies on this distribution: 53% of detached houses are smaller than 55 WHEEL LANE, and 46% of houses are larger. Note that EPC data is not available for all properties in Lichfield.

55 WHEEL LANE: Plot and Title Map

55 WHEEL LANE sits on a plot of roughly 0.099 of an acre, or 399m². The below map shows the location of 55 WHEEL 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 55 WHEEL 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 55 WHEEL LANE?

55 WHEEL LANE is located in LICHFIELD, in the WS13 postcode district. The below map shows the position of No. 55 on WHEEL LANE.