56, SCHOOL LANE, HILL RIDWARE, RUGELEY, WS15 3QN - £245,000

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

56 SCHOOL LANE is a small extended detached house of 115m², built sometime between 1967 and 1975. It was last sold for £245,000 in October 2018, which was around 36% below the average October 2018 detached price in the Lichfield local authority area. The most recent EPC inspection was November 2016, where the current energy rating was C, and the potential energy rating was B.

56 SCHOOL LANE Sold Prices

Land registry data shows two sales for 56 SCHOOL 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 56 SCHOOL 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
2018 17 OCT	£245,000	£382,190	36% below HPI
2010 7 JAN	£250,000	£278,780	10% below HPI

56 SCHOOL 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 56 SCHOOL LANE sales from January 2010 and October 2018 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 2010 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the October 2018 sale, where it falls to 36% below the HPI. The line then continues to track at 36% below the HPI.

How Large is 56 SCHOOL LANE?

56 SCHOOL LANE is 115m², which includes one extension, according to the EPC inspection conducted in November 2016. This puts it in the smallest 40% of detached houses in Hill Ridware, based on EPC data. The below chart shows the distribution of detached houses by size in Hill Ridware, and where 56 SCHOOL LANE lies on this distribution: 37% of detached houses are smaller than 56 SCHOOL LANE, and 63% of houses are larger. Note that EPC data is not available for all properties in Hill Ridware.

56 SCHOOL LANE: Plot and Title Map

56 SCHOOL LANE sits on a plot of roughly 0.181 of an acre, or 734m². The below map shows the location of 56 SCHOOL 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 56 SCHOOL 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 56 SCHOOL LANE?

56 SCHOOL LANE is located in HILL RIDWARE, in the WS15 postcode district. The below map shows the position of No. 56 on SCHOOL LANE.