11, GORSTY BANK, LICHFIELD, WS14 9UB - £325,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

11 GORSTY BANK is a midsized extended detached house of 114m², built sometime between 1976 and 1982, which could now be worth an estimated £515,090. It was last sold for £325,000 in March 2016, which was around 2% below the average March 2016 detached price in the Lichfield local authority area. The most recent EPC inspection was October 2010, where the current energy rating was D, and the potential energy rating was C.

11 GORSTY BANK Sold Prices

Land registry data shows four sales for 11 GORSTY BANK 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 11 GORSTY BANK 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
2016 24 MAR	£325,000	£330,260	2% below HPI
2011 27 JAN	£260,000	£292,344	11% below HPI
2003 7 NOV	£218,000	£232,873	6% below HPI
1996 29 NOV	£86,500	£100,228	14% below HPI

11 GORSTY BANK 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 11 GORSTY BANK sales between November 1996 and March 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 January 2011 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the March 2016 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might 11 GORSTY BANK be worth now?

11 GORSTY BANK might now be worth an estimated £515,090.

This is based on house price inflation of 58.5%, between March 2016 and May 2026, 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 58.5% inflationary increase is applied to the most recent sale price for 11 GORSTY BANK of £325,000 on 24th March 2016. For the value to have increased from £325,000 to £515,090 over the nine years and ten months to May 2026, the following assumptions must hold true:

• The value of 11 GORSTY BANK has moved in line with the HPI for detached houses in the Lichfield local authority area.
• The March 2016 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of 11 GORSTY BANK has not materially changed since March 2016.

How Large is 11 GORSTY BANK?

11 GORSTY BANK is 114m², which includes one extension, according to the EPC inspection conducted in October 2010. This puts it in the smallest 50% 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 11 GORSTY BANK lies on this distribution: 43% of detached houses houses are smaller than 11 GORSTY BANK, and 55% of houses are larger. Note that EPC data is not available for all properties in Lichfield.

11 GORSTY BANK: Plot and Title Map

11 GORSTY BANK sits on a plot of roughly 0.071 of an acre, or 289m². The below map shows the location of 11 GORSTY BANK, 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 11 GORSTY BANK). 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 11 GORSTY BANK?

11 GORSTY BANK is located in LICHFIELD, in the WS14 postcode district. The below map shows the position of No. 11 on GORSTY BANK.