74, VALLEY LANE, LICHFIELD, WS13 6ST - £400,000

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

74 VALLEY LANE is a midsized extended detached house of 116m², built sometime between 1967 and 1975. It was last sold for £400,000 in September 2021, which was around 3% below the average September 2021 detached price in the Lichfield local authority area. The most recent EPC inspection was March 2018, where the current energy rating was D, and the potential energy rating was B.

74 VALLEY LANE Sold Prices

Land registry data shows two sales for 74 VALLEY 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 74 VALLEY 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 17 SEP	£400,000	£410,758	3% below HPI
2018 28 SEP	£310,000	£375,482	17% below HPI

74 VALLEY 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 74 VALLEY LANE sales from September 2018 and September 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 September 2018 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the September 2021 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

How Large is 74 VALLEY LANE?

74 VALLEY LANE is 116m², which includes one extension, according to the EPC inspection conducted in March 2018. This puts it in the smallest 50% of detached houses in Lichfield, based on EPC data. The below chart shows the distribution of detached houses by size in Lichfield, and where 74 VALLEY LANE lies on this distribution: 46% of detached houses are smaller than 74 VALLEY LANE, and 53% of houses are larger. Note that EPC data is not available for all properties in Lichfield.

74 VALLEY LANE: Plot and Title Map

74 VALLEY LANE sits on a plot of roughly 0.098 of an acre, or 398m². The below map shows the location of 74 VALLEY 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 VALLEY 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 VALLEY LANE?

74 VALLEY LANE is located in LICHFIELD, in the WS13 postcode district. The below map shows the position of No. 74 on VALLEY LANE.