THE SMITHY, CHURCH ROAD, ELFORD, TAMWORTH, B79 9DA - £500,000

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 SMITHY is a very small extended detached house of 96m², built sometime between 1991 and 1995. It was last sold for £500,000 in June 2019, which was around 38% above the average June 2019 detached price in the Lichfield local authority area. The most recent EPC inspection was October 2014, where the current energy rating was F, and the potential energy rating was C.

THE SMITHY Sold Prices

Land registry data shows four sales for THE SMITHY 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 THE SMITHY 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
2019 25 JUN	£500,000	£362,982	38% above HPI
2010 17 MAY	£315,000	£282,274	12% above HPI
2000 20 APR	£247,500	£134,772	84% above HPI
1997 19 MAY	£150,000	£104,482	44% above HPI

THE SMITHY 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 THE SMITHY sales between May 1997 and June 2019 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 May 2010 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the June 2019 sale, where it rises to 38% above the HPI. The line then continues to track at 38% above the HPI.

How Large is THE SMITHY?

THE SMITHY is 96m², which includes one extension, according to the EPC inspection conducted in October 2014. This puts it in the smallest 10% of detached houses in Elford, based on EPC data. The below chart shows the distribution of detached houses by size in Elford, and where THE SMITHY lies on this distribution: 2% of detached houses are smaller than THE SMITHY, and 98% of houses are larger. Note that EPC data is not available for all properties in Elford.

THE SMITHY: Plot and Title Map

THE SMITHY sits on a plot of roughly 0.190 of an acre, or 767m². The below map shows the location of THE SMITHY, 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 SMITHY). 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 SMITHY?

THE SMITHY is located on CHURCH ROAD in ELFORD, in the B79 postcode district. The below map shows the position of THE SMITHY on CHURCH ROAD.