78, COMMON LANE, FRADLEY, LICHFIELD, WS13 8TG - £299,950

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

78 COMMON LANE is a large detached house of 150m², built sometime between 1996 and 2002. It was last sold for £299,950 in August 2014, which was around 2% below the average August 2014 detached price in the Lichfield local authority area. The most recent EPC inspection was October 2014, where the current energy rating was D, and the potential energy rating was B.

78 COMMON LANE Sold Prices

Land registry data shows three sales for 78 COMMON 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. One of the three 78 COMMON LANE sales was for below the average price, whilst two 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 22 AUG	£299,950	£305,703	2% below HPI
2006 8 SEP	£292,000	£282,949	3% above HPI
2003 24 OCT	£259,950	£224,085	16% above HPI

78 COMMON 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 78 COMMON LANE sales between October 2003 and August 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 September 2006 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the August 2014 sale, where it falls to 2% below the HPI. The line then continues to track at 2% below the HPI.

How Large is 78 COMMON LANE?

78 COMMON LANE is 150m² according to the EPC inspection conducted in October 2014. This puts it in the largest 40% of detached houses in Fradley South, based on EPC data. The below chart shows the distribution of detached houses by size in Fradley South, and where 78 COMMON LANE lies on this distribution: 67% of detached houses are smaller than 78 COMMON LANE, and 32% of houses are larger. Note that EPC data is not available for all properties in Fradley South.

78 COMMON LANE: Plot and Title Map

78 COMMON LANE sits on a plot of roughly 0.089 of an acre, or 359m². The below map shows the location of 78 COMMON 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 78 COMMON 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 78 COMMON LANE?

78 COMMON LANE is located in FRADLEY, in the WS13 postcode district. The below map shows the position of No. 78 on COMMON LANE.