56, STATFOLD LANE, FRADLEY, LICHFIELD, WS13 8NY - £345,000

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 STATFOLD LANE is a very small detached house of 73m², built sometime between 1976 and 1982. It was last sold for £345,000 in September 2023, which was around 25% below the average September 2023 detached price in the Lichfield local authority area. The most recent EPC inspection was May 2020, where the current energy rating was C, and the potential energy rating was B.

56 STATFOLD LANE Sold Prices

Land registry data shows two sales for 56 STATFOLD 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 STATFOLD 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
2023 1 SEP	£345,000	£459,721	25% below HPI
2006 10 AUG	£219,000	£275,374	20% below HPI

56 STATFOLD 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 STATFOLD LANE sales from August 2006 and September 2023 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 August 2006 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the September 2023 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 56 STATFOLD LANE?

56 STATFOLD LANE is 73m² according to the EPC inspection conducted in May 2020. This puts it in the smallest 10% of detached houses in Fradley, based on EPC data. The below chart shows the distribution of detached houses by size in Fradley, and where 56 STATFOLD LANE lies on this distribution: 2% of detached houses are smaller than 56 STATFOLD LANE, and 98% of houses are larger. Note that EPC data is not available for all properties in Fradley.

56 STATFOLD LANE: Plot and Title Map

56 STATFOLD LANE sits on a plot of roughly 0.068 of an acre, or 277m². The below map shows the location of 56 STATFOLD 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 STATFOLD 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 STATFOLD LANE?

56 STATFOLD LANE is located in FRADLEY, in the WS13 postcode district. The below map shows the position of No. 56 on STATFOLD LANE.