7, NEW MILL LANE, FAZELEY, TAMWORTH, B78 3RX - £280,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

7 NEW MILL LANE is a very small detached house of 65m², built sometime between 1900 and 1929. It was last sold for £280,000 in March 2019, which was around 25% below the average March 2019 detached price in the Lichfield local authority area. The most recent EPC inspection was November 2018, where the current energy rating was D, and the potential energy rating was C.

7 NEW MILL LANE Sold Prices

Land registry data shows two sales for 7 NEW MILL 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 7 NEW MILL 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
2019 29 MAR	£280,000	£372,913	25% below HPI
2012 2 AUG	£85,000	£282,951	70% below HPI

7 NEW MILL 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 7 NEW MILL LANE sales from August 2012 and March 2019 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 2012 sale was for 70% below the HPI. So the extrapolation line tracks at 70% below the HPI over time, until the March 2019 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 7 NEW MILL LANE?

7 NEW MILL LANE is 65m² according to the EPC inspection conducted in November 2018. This puts it in the smallest 10% of detached houses in Fazeley, based on EPC data. The below chart shows the distribution of detached houses by size in Fazeley, and where 7 NEW MILL LANE lies on this distribution: 5% of detached houses are smaller than 7 NEW MILL LANE, and 95% of houses are larger. Note that EPC data is not available for all properties in Fazeley.

7 NEW MILL LANE: Plot and Title Map

7 NEW MILL LANE sits on a plot of roughly 0.132 of an acre, or 536m². The below map shows the location of 7 NEW MILL 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 7 NEW MILL 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 7 NEW MILL LANE?

7 NEW MILL LANE is located in FAZELEY, in the B78 postcode district. The below map shows the position of No. 7 on NEW MILL LANE.