8, LAWRENCE WAY, LICHFIELD, WS13 6RD - £620,000

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 LAWRENCE WAY is a very large detached house of 198m², built sometime between 2003 and 2006. It was last sold for £620,000 in November 2023, which was around 35% above the average November 2023 detached price in the Lichfield local authority area. The most recent EPC inspection was November 2022, where the current energy rating was C, and the potential energy rating was B.

8 LAWRENCE WAY Sold Prices

Land registry data shows four sales for 8 LAWRENCE WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Lichfield local authority area for the corresponding sale date. All of the four 8 LAWRENCE WAY sales 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
2023 13 NOV	£620,000	£460,661	35% above HPI
2017 18 AUG	£485,000	£359,992	35% above HPI
2014 7 JAN	£380,000	£290,876	31% above HPI
2005 26 MAY	£379,000	£260,649	45% above HPI

8 LAWRENCE WAY 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 four 8 LAWRENCE WAY sales between May 2005 and November 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 August 2017 sale was for 35% above the HPI. So the extrapolation line tracks at 35% above the HPI over time, until the November 2023 sale, which was also at 35% above the HPI.

How Large is 8 LAWRENCE WAY?

8 LAWRENCE WAY is 198m² according to the EPC inspection conducted in November 2022. This puts it in the largest 10% of detached houses in Lichfield, based on EPC data. The below chart shows the distribution of detached houses by size in Lichfield, and where 8 LAWRENCE WAY lies on this distribution: 93% of detached houses are smaller than 8 LAWRENCE WAY, and 7% of houses are larger. Note that EPC data is not available for all properties in Lichfield.

8 LAWRENCE WAY: Plot and Title Map

8 LAWRENCE WAY sits on a plot of roughly 0.090 of an acre, or 365m². The below map shows the location of 8 LAWRENCE WAY, 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 LAWRENCE WAY). 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 LAWRENCE WAY?

8 LAWRENCE WAY is located in LICHFIELD, in the WS13 postcode district. The below map shows the position of No. 8 on LAWRENCE WAY.