74, SCHOOL LANE, BURNTWOOD, WS7 1LE - £263,000

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.

74 SCHOOL LANE is a large extended detached house of 116m², built sometime between 1900 and 1929, which could now be worth an estimated £320,040. It was last sold for £263,000 in July 2021, which was around 37% below the average July 2021 detached price in the Lichfield local authority area. The most recent EPC inspection was March 2020, where the current energy rating was C, and the potential energy rating was B.

74 SCHOOL LANE Sold Prices

Land registry data shows three sales for 74 SCHOOL 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 74 SCHOOL 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
2021 19 JUL	£263,000	£418,406	37% below HPI
1999 12 JUL	£59,950	£125,827	52% below HPI
1997 29 AUG	£53,000	£109,751	52% below HPI

74 SCHOOL 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 74 SCHOOL LANE sales between August 1997 and July 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 July 1999 sale was for 52% below the HPI. So the extrapolation line tracks at 52% below the HPI over time, until the July 2021 sale, where it rises to 37% below the HPI. The line then continues to track at 37% below the HPI.

What might 74 SCHOOL LANE be worth now?

74 SCHOOL LANE might now be worth an estimated £320,040.

This is based on house price inflation of 21.7%, between July 2021 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 21.7% inflationary increase is applied to the most recent sale price for 74 SCHOOL LANE of £263,000 on 19th July 2021. For the value to have increased from £263,000 to £320,040 over the four years and five months to February 2025, the following assumptions must hold true:

• The value of 74 SCHOOL LANE has moved in line with the HPI for detached houses in the Lichfield local authority area.
• The July 2021 sale price of £263,000 represented a fair market value for the property.
• The size, condition, and specification of 74 SCHOOL LANE has not materially changed since July 2021.

How Large is 74 SCHOOL LANE?

74 SCHOOL LANE is 116m², which includes three extensions, according to the EPC inspection conducted in March 2020. This puts it in the largest 40% of detached houses houses in Burntwood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Burntwood, and where 74 SCHOOL LANE lies on this distribution: 61% of detached houses houses are smaller than 74 SCHOOL LANE, and 38% of houses are larger. Note that EPC data is not available for all properties in Burntwood.

74 SCHOOL LANE: Plot and Title Map

74 SCHOOL LANE sits on a plot of roughly 0.071 of an acre, or 289m². The below map shows the location of 74 SCHOOL 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 74 SCHOOL 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 74 SCHOOL LANE?

74 SCHOOL LANE is located in BURNTWOOD, in the WS7 postcode district. The below map shows the position of No. 74 on SCHOOL LANE.