FLAT 24, FRIARY HOUSE, PATRICK MEWS, LICHFIELD, WS13 7BF - £129,950

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

FLAT 24 FRIARY HOUSE is a very small detached house of 63m², built sometime between 1996 and 2002, which could now be worth an estimated £355,675. It was last sold for £129,950 in August 2002, which was around 31% below the average August 2002 detached price in the Lichfield local authority area. The most recent EPC inspection was May 2011, where the current energy rating was C, and the potential energy rating was C.

FLAT 24 FRIARY HOUSE Sold Prices

Land registry data shows two sales for FLAT 24 FRIARY HOUSE 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 FLAT 24 FRIARY HOUSE 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
2002 7 AUG	£129,950	£188,160	31% below HPI
2001 27 APR	£105,000	£154,725	32% below HPI

FLAT 24 FRIARY HOUSE 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 FLAT 24 FRIARY HOUSE sales from April 2001 and August 2002 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 April 2001 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the August 2002 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might FLAT 24 FRIARY HOUSE be worth now?

FLAT 24 FRIARY HOUSE might now be worth an estimated £355,675.

This is based on house price inflation of 173.7%, between August 2002 and December 2024, 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 173.7% inflationary increase is applied to the most recent sale price for FLAT 24 FRIARY HOUSE of £129,950 on 7th August 2002. For the value to have increased from £129,950 to £355,675 over the 21 years and eight months to December 2024, the following assumptions must hold true:

• The value of FLAT 24 FRIARY HOUSE has moved in line with the HPI for detached houses in the Lichfield local authority area.
• The August 2002 sale price of £129,950 represented a fair market value for the property.
• The size, condition, and specification of FLAT 24 FRIARY HOUSE has not materially changed since August 2002.

How Large is FLAT 24 FRIARY HOUSE?

FLAT 24 FRIARY HOUSE is 63m² according to the EPC inspection conducted in May 2011. This puts it in the smallest 10% of detached houses houses in Lichfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lichfield, and where FLAT 24 FRIARY HOUSE lies on this distribution: 3% of detached houses houses are smaller than FLAT 24 FRIARY HOUSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Lichfield.

FLAT 24 FRIARY HOUSE: Plot and Title Map

FLAT 24 FRIARY HOUSE sits on a plot of roughly 1.3 acres, or 5,402m². The below map shows the location of FLAT 24 FRIARY HOUSE, 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 FLAT 24 FRIARY HOUSE). 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 FLAT 24 FRIARY HOUSE?

FLAT 24, FRIARY HOUSE is located on PATRICK MEWS in LICHFIELD, in the WS13 postcode district. The below map shows the position of FLAT 24, FRIARY HOUSE on PATRICK MEWS.