78, SCHOOL LANE, BURNTWOOD, WS7 1LE - £250,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

78 SCHOOL LANE is a very small detached house of 67m², built sometime between 1996 and 2002. It was last sold for £250,000 in May 2022, which was around 44% below the average May 2022 detached price in the Lichfield local authority area. The most recent EPC inspection was September 2016, where the current energy rating was D, and the potential energy rating was B.

78 SCHOOL LANE Sold Prices

Land registry data shows two sales for 78 SCHOOL 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 78 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
2022 11 MAY	£250,000	£448,607	44% below HPI
2021 13 MAY	£215,000	£407,390	47% below HPI

78 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 two 78 SCHOOL LANE sales from May 2021 and May 2022 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 May 2021 sale was for 47% below the HPI. So the extrapolation line tracks at 47% below the HPI over time, until the May 2022 sale, where it rises to 44% below the HPI. The line then continues to track at 44% below the HPI.

How Large is 78 SCHOOL LANE?

78 SCHOOL LANE is 67m² according to the EPC inspection conducted in September 2016. This puts it in the smallest 10% of detached houses in Burntwood, based on EPC data. The below chart shows the distribution of detached houses by size in Burntwood, and where 78 SCHOOL LANE lies on this distribution: 8% of detached houses are smaller than 78 SCHOOL LANE, and 92% of houses are larger. Note that EPC data is not available for all properties in Burntwood.

78 SCHOOL LANE: Plot and Title Map

78 SCHOOL LANE sits on a plot of roughly 0.088 of an acre, or 356m². The below map shows the location of 78 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 78 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 78 SCHOOL LANE?

78 SCHOOL LANE is located in BURNTWOOD, in the WS7 postcode district. The below map shows the position of No. 78 on SCHOOL LANE.