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

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

8 FARADAY ROAD is a very small detached house of 86m², which could now be worth an estimated £388,505. It was last sold for £370,000 in January 2023, which was around 24% 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	£484,900	24% below HPI
2020 30 JUL	£306,000	£392,150	22% 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 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the January 2023 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

What might 8 FARADAY ROAD be worth now?

8 FARADAY ROAD might now be worth an estimated £388,505.

This is based on house price inflation of 5%, between January 2023 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 5% inflationary increase is applied to the most recent sale price for 8 FARADAY ROAD of £370,000 on 27th January 2023. For the value to have increased from £370,000 to £388,505 over the one year and eleven months to February 2025, the following assumptions must hold true:

• The value of 8 FARADAY ROAD has moved in line with the HPI for detached houses in the Lichfield local authority area.
• The January 2023 sale price of £370,000 represented a fair market value for the property.
• The size, condition, and specification of 8 FARADAY ROAD has not materially changed since January 2023.

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 houses in Streethay, based on EPC data. The below chart shows the distribution of detached houses houses by size in Streethay, and where 8 FARADAY ROAD lies on this distribution: 1% of detached houses 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.