1, NEW MILL LANE, FAZELEY, TAMWORTH, B78 3RX - £435,000

1 NEW MILL LANE is a very large extended detached house of 208m², built sometime between 2003 and 2006. It was last sold for £435,000 in September 2016, which was around 24% above the average September 2016 detached price in the Lichfield local authority area. The most recent EPC inspection was May 2016, where the current energy rating was C, and the potential energy rating was B.

1 NEW MILL LANE Sold Prices

Land registry data shows two sales for 1 NEW MILL LANE 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. One of the two 1 NEW MILL LANE sales was for above the average price, whilst the other was 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
2016 2 SEP	£435,000	£349,719	24% above HPI
2000 4 AUG	£75,000	£144,770	48% below HPI

1 NEW MILL LANE 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 1 NEW MILL LANE sales from August 2000 and September 2016 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 2000 sale was for 48% below the HPI. So the extrapolation line tracks at 48% below the HPI over time, until the September 2016 sale, where it rises to 24% above the HPI. The line then continues to track at 24% above the HPI.

How Large is 1 NEW MILL LANE?

1 NEW MILL LANE is 208m², which includes two extensions, according to the EPC inspection conducted in May 2016. This puts it in the largest 10% of detached houses in Fazeley, based on EPC data. The below chart shows the distribution of detached houses by size in Fazeley, and where 1 NEW MILL LANE lies on this distribution: 94% of detached houses are smaller than 1 NEW MILL LANE, and 6% of houses are larger. Note that EPC data is not available for all properties in Fazeley.

1 NEW MILL LANE: Plot and Title Map

1 NEW MILL LANE sits on a plot of roughly 0.186 of an acre, or 752m². The below map shows the location of 1 NEW MILL LANE, 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 1 NEW MILL LANE). 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 1 NEW MILL LANE?

1 NEW MILL LANE is located in FAZELEY, in the B78 postcode district. The below map shows the position of No. 1 on NEW MILL LANE.