ROMAN WAY, KNOWLE LANE, LICHFIELD, WS14 9RB - £599,950

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

ROMAN WAY is a very large extended detached house of 197m², built sometime between 1930 and 1949, which could now be worth an estimated £942,712. It was last sold for £599,950 in November 2014, which was around 83% above the average November 2014 detached price in the Lichfield local authority area. The most recent EPC inspection was August 2011, where the current energy rating was E, and the potential energy rating was D.

ROMAN WAY Sold Prices

Land registry data shows two sales for ROMAN WAY 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 ROMAN 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
2014 21 NOV	£599,950	£327,748	83% above HPI
2013 30 AUG	£570,000	£298,355	91% above HPI

ROMAN 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 two ROMAN WAY sales from August 2013 and November 2014 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 2013 sale was for 91% above the HPI. So the extrapolation line tracks at 91% above the HPI over time, until the November 2014 sale, where it falls to 83% above the HPI. The line then continues to track at 83% above the HPI.

What might ROMAN WAY be worth now?

ROMAN WAY might now be worth an estimated £942,712.

This is based on house price inflation of 57.1%, between November 2014 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 57.1% inflationary increase is applied to the most recent sale price for ROMAN WAY of £599,950 on 21st November 2014. For the value to have increased from £599,950 to £942,712 over the nine years and eleven months to December 2024, the following assumptions must hold true:

• The value of ROMAN WAY has moved in line with the HPI for detached houses in the Lichfield local authority area.
• The November 2014 sale price of £599,950 represented a fair market value for the property.
• The size, condition, and specification of ROMAN WAY has not materially changed since November 2014.

How Large is ROMAN WAY?

ROMAN WAY is 197m², which includes one extension, according to the EPC inspection conducted in August 2011. This puts it in the largest 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 ROMAN WAY lies on this distribution: 92% of detached houses houses are smaller than ROMAN WAY, and 8% of houses are larger. Note that EPC data is not available for all properties in Lichfield.

ROMAN WAY: Plot and Title Map

ROMAN WAY sits on a plot of roughly 0.956 of an acre, or 3,870m². The below map shows the location of ROMAN 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 ROMAN 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 ROMAN WAY?

ROMAN WAY is located on KNOWLE LANE in LICHFIELD, in the WS14 postcode district. The below map shows the position of ROMAN WAY on KNOWLE LANE.