7, VALE CLOSE, LICHFIELD, WS13 7LJ - £118,000

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

7 VALE CLOSE is a large detached house of 132m², built sometime between 1996 and 2002. It was last sold for £118,000 in September 2003, which was around 47% below the average September 2003 detached price in the Lichfield local authority area. The most recent EPC inspection was October 2022, where the current energy rating was C, and the potential energy rating was B.

7 VALE CLOSE Sold Prices

Land registry data shows two sales for 7 VALE CLOSE 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 7 VALE CLOSE 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
2003 2 SEP	£118,000	£221,294	47% below HPI
1998 14 JUL	£180,000	£121,552	48% above HPI

7 VALE CLOSE 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 VALE CLOSE sales from July 1998 and September 2003 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 July 1998 sale was for 48% above the HPI. So the extrapolation line tracks at 48% above the HPI over time, until the September 2003 sale, where it falls to 47% below the HPI. The line then continues to track at 47% below the HPI.

How Large is 7 VALE CLOSE?

7 VALE CLOSE is 132m² according to the EPC inspection conducted in October 2022. This puts it in the largest 40% of detached houses in Lichfield, based on EPC data. The below chart shows the distribution of detached houses by size in Lichfield, and where 7 VALE CLOSE lies on this distribution: 63% of detached houses are smaller than 7 VALE CLOSE, and 37% of houses are larger. Note that EPC data is not available for all properties in Lichfield.

7 VALE CLOSE: Plot and Title Map

7 VALE CLOSE sits on a plot of roughly 0.102 of an acre, or 414m². The below map shows the location of 7 VALE CLOSE, 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 VALE CLOSE). 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 VALE CLOSE?

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