THE GRANARY, SCHOOL LANE, COLTON, RUGELEY, WS15 3BH - £470,000

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

THE GRANARY is a small extended detached house of 132m², built sometime between 1996 and 2002. It was last sold for £470,000 in September 2017, which was around 30% above the average September 2017 detached price in the Lichfield local authority area. The most recent EPC inspection was January 2016, where the current energy rating was D, and the potential energy rating was C.

THE GRANARY Sold Prices

Land registry data shows three sales for THE GRANARY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Lichfield local authority area for the corresponding sale date. The three THE GRANARY sales were a mix of above the average price, and roughly equal to 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
2017 15 SEP	£470,000	£361,566	30% above HPI
2001 29 JAN	£180,000	£151,033	19% above HPI
1999 3 NOV	£133,000	£132,466	Close to HPI

THE GRANARY 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 three THE GRANARY sales between November 1999 and September 2017 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 January 2001 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the September 2017 sale, where it rises to 30% above the HPI. The line then continues to track at 30% above the HPI.

How Large is THE GRANARY?

THE GRANARY is 132m², which includes one extension, according to the EPC inspection conducted in January 2016. This puts it in the smallest 40% of detached houses in Colton, based on EPC data. The below chart shows the distribution of detached houses by size in Colton, and where THE GRANARY lies on this distribution: 38% of detached houses are smaller than THE GRANARY, and 59% of houses are larger. Note that EPC data is not available for all properties in Colton.

THE GRANARY: Plot and Title Map

THE GRANARY sits on a plot of roughly 0.263 of an acre, or 1,062m². The below map shows the location of THE GRANARY, 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 THE GRANARY). 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 THE GRANARY?

THE GRANARY is located on SCHOOL LANE in COLTON, in the WS15 postcode district. The below map shows the position of THE GRANARY on SCHOOL LANE.