57, ELDER LANE, BURNTWOOD, WS7 9BT - £225,000

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

57 ELDER LANE is a very large extended detached house of 141m², built sometime between 1976 and 1982. It was last sold for £225,000 in September 2013, which was around 24% below the average September 2013 detached price in the Lichfield local authority area. The most recent EPC inspection was August 2013, where the current energy rating was C, and the potential energy rating was B.

57 ELDER LANE Sold Prices

Land registry data shows two sales for 57 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 57 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
2013 20 SEP	£225,000	£297,962	24% below HPI
2002 31 MAY	£149,000	£167,447	11% below HPI

57 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 57 ELDER LANE sales from May 2002 and September 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 May 2002 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the September 2013 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 57 ELDER LANE?

57 ELDER LANE is 141m², which includes one extension, according to the EPC inspection conducted in August 2013. This puts it in the largest 20% of detached houses in Burntwood, based on EPC data. The below chart shows the distribution of detached houses by size in Burntwood, and where 57 ELDER LANE lies on this distribution: 84% of detached houses are smaller than 57 ELDER LANE, and 15% of houses are larger. Note that EPC data is not available for all properties in Burntwood.

57 ELDER LANE: Plot and Title Map

57 ELDER LANE sits on a plot of roughly 0.140 of an acre, or 565m². The below map shows the location of 57 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 57 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 57 ELDER LANE?

57 ELDER LANE is located in BURNTWOOD, in the WS7 postcode district. The below map shows the position of No. 57 on ELDER LANE.