7, THE PARCHMENTS, LICHFIELD, WS13 7NA - £575,000

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.

7 THE PARCHMENTS is a very large detached house of 193m², which could now be worth an estimated £940,235. It was last sold for £575,000 in May 2014, which was around 85% above the average May 2014 detached price in the Lichfield local authority area. The most recent EPC inspection was March 2014, where the current energy rating was B, and the potential energy rating was B.

7 THE PARCHMENTS Sold Prices

Land registry data shows two sales for 7 THE PARCHMENTS 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 THE PARCHMENTS 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
2014 9 MAY	£575,000	£311,371	85% above HPI
1999 29 JUN	£170,000	£128,148	33% above HPI

7 THE PARCHMENTS 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 THE PARCHMENTS sales from June 1999 and May 2014 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 June 1999 sale was for 33% above the HPI. So the extrapolation line tracks at 33% above the HPI over time, until the May 2014 sale, where it rises to 85% above the HPI. The line then continues to track at 85% above the HPI.

What might 7 THE PARCHMENTS be worth now?

7 THE PARCHMENTS might now be worth an estimated £940,235.

This is based on house price inflation of 63.5%, between May 2014 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 63.5% inflationary increase is applied to the most recent sale price for 7 THE PARCHMENTS of £575,000 on 9th May 2014. For the value to have increased from £575,000 to £940,235 over the eleven years and three months to February 2025, the following assumptions must hold true:

• The value of 7 THE PARCHMENTS has moved in line with the HPI for detached houses in the Lichfield local authority area.
• The May 2014 sale price of £575,000 represented a fair market value for the property.
• The size, condition, and specification of 7 THE PARCHMENTS has not materially changed since May 2014.

How Large is 7 THE PARCHMENTS?

7 THE PARCHMENTS is 193m² according to the EPC inspection conducted in March 2014. This puts it in the largest 10% of detached houses houses in Lichfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lichfield, and where 7 THE PARCHMENTS lies on this distribution: 91% of detached houses houses are smaller than 7 THE PARCHMENTS, and 9% of houses are larger. Note that EPC data is not available for all properties in Lichfield.

7 THE PARCHMENTS: Plot and Title Map

7 THE PARCHMENTS sits on a plot of roughly 0.160 of an acre, or 647m². The below map shows the location of 7 THE PARCHMENTS, 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 THE PARCHMENTS). 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 THE PARCHMENTS?

7 THE PARCHMENTS is located in LICHFIELD, in the WS13 postcode district. The below map shows the position of No. 7 on THE PARCHMENTS.