8, FARADAY ROAD, STREETHAY, LICHFIELD, WS13 8UX - £370,000

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

8 FARADAY ROAD is a very small detached house of 86m². It was last sold for £370,000 in January 2023, which was around 22% below the average January 2023 detached price in the Lichfield local authority area. The most recent EPC inspection was July 2020, where the current energy rating was B, and the potential energy rating was A.

8 FARADAY ROAD Sold Prices

Land registry data shows two sales for 8 FARADAY ROAD 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 8 FARADAY ROAD 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
2023 27 JAN	£370,000	£473,206	22% below HPI
2020 30 JUL	£306,000	£382,693	20% below HPI

8 FARADAY ROAD 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 8 FARADAY ROAD sales from July 2020 and January 2023 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 2020 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the January 2023 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 8 FARADAY ROAD?

8 FARADAY ROAD is 86m² according to the EPC inspection conducted in July 2020. This puts it in the smallest 10% of detached houses in Streethay, based on EPC data. The below chart shows the distribution of detached houses by size in Streethay, and where 8 FARADAY ROAD lies on this distribution: 1% of detached houses are smaller than 8 FARADAY ROAD, and 99% of houses are larger. Note that EPC data is not available for all properties in Streethay.

8 FARADAY ROAD: Plot and Title Map

8 FARADAY ROAD sits on a plot of roughly 0.055 of an acre, or 222m². The below map shows the location of 8 FARADAY ROAD, 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 8 FARADAY ROAD). 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 8 FARADAY ROAD?

8 FARADAY ROAD is located in STREETHAY, in the WS13 postcode district. The below map shows the position of No. 8 on FARADAY ROAD.