61, COMMON LANE, FRADLEY, LICHFIELD, WS13 8TG - £425,000

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

61 COMMON LANE is a large detached house of 149m², built sometime between 1996 and 2002. It was last sold for £425,000 in December 2021, which was around 3% below the average December 2021 detached price in the Lichfield local authority area. The most recent EPC inspection was May 2021, where the current energy rating was D, and the potential energy rating was C.

61 COMMON LANE Sold Prices

Land registry data shows two sales for 61 COMMON 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. One of the two 61 COMMON LANE sales was for below the average price, whilst the other was 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
2021 10 DEC	£425,000	£438,569	3% below HPI
2003 27 OCT	£259,950	£224,085	16% above HPI

61 COMMON 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 61 COMMON LANE sales from October 2003 and December 2021 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 October 2003 sale was for 16% above the HPI. So the extrapolation line tracks at 16% above the HPI over time, until the December 2021 sale, where it falls to 3% below the HPI. The line then continues to track at 3% below the HPI.

How Large is 61 COMMON LANE?

61 COMMON LANE is 149m² according to the EPC inspection conducted in May 2021. This puts it in the largest 40% of detached houses in Fradley South, based on EPC data. The below chart shows the distribution of detached houses by size in Fradley South, and where 61 COMMON LANE lies on this distribution: 66% of detached houses are smaller than 61 COMMON LANE, and 34% of houses are larger. Note that EPC data is not available for all properties in Fradley South.

61 COMMON LANE: Plot and Title Map

61 COMMON LANE sits on a plot of roughly 0.081 of an acre, or 329m². The below map shows the location of 61 COMMON 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 61 COMMON 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 61 COMMON LANE?

61 COMMON LANE is located in FRADLEY, in the WS13 postcode district. The below map shows the position of No. 61 on COMMON LANE.