6, MARTLIN LANE, COLTON, RUGELEY, WS15 3LH - £445,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

6 MARTLIN LANE is a midsized detached house of 140m², which could now be worth an estimated £603,907. It was last sold for £445,000 in May 2018, which was around 19% above the average May 2018 detached price in the Lichfield local authority area. The most recent EPC inspection was September 2013, where the current energy rating was B, and the potential energy rating was B.

6 MARTLIN LANE Sold Prices

Land registry data shows three sales for 6 MARTLIN LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Lichfield local authority area for the corresponding sale date. All of the three 6 MARTLIN LANE sales were for above 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 9 MAY	£445,000	£375,177	19% above HPI
2015 29 MAY	£405,000	£329,508	23% above HPI
2013 9 DEC	£399,950	£295,295	35% above HPI

6 MARTLIN 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 three 6 MARTLIN LANE sales between December 2013 and May 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 May 2015 sale was for 23% above the HPI. So the extrapolation line tracks at 23% above the HPI over time, until the May 2018 sale, where it falls to 19% above the HPI. The line then continues to track at 19% above the HPI.

What might 6 MARTLIN LANE be worth now?

6 MARTLIN LANE might now be worth an estimated £603,907.

This is based on house price inflation of 35.7%, between May 2018 and February 2025, for detached houses, in the Lichfield local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 35.7% inflationary increase is applied to the most recent sale price for 6 MARTLIN LANE of £445,000 on 9th May 2018. For the value to have increased from £445,000 to £603,907 over the seven years and three months to February 2025, the following assumptions must hold true:

• The value of 6 MARTLIN LANE has moved in line with the HPI for detached houses in the Lichfield local authority area.
• The May 2018 sale price of £445,000 represented a fair market value for the property.
• The size, condition, and specification of 6 MARTLIN LANE has not materially changed since May 2018.

How Large is 6 MARTLIN LANE?

6 MARTLIN LANE is 140m² according to the EPC inspection conducted in September 2013. This puts it in the smallest 50% of detached houses houses in Colton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Colton, and where 6 MARTLIN LANE lies on this distribution: 46% of detached houses houses are smaller than 6 MARTLIN LANE, and 51% of houses are larger. Note that EPC data is not available for all properties in Colton.

6 MARTLIN LANE: Plot and Title Map

6 MARTLIN LANE sits on a plot of roughly 0.199 of an acre, or 807m². The below map shows the location of 6 MARTLIN 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 6 MARTLIN 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 6 MARTLIN LANE?

6 MARTLIN LANE is located in COLTON, in the WS15 postcode district. The below map shows the position of No. 6 on MARTLIN LANE.