2, LANCE DRIVE, BURNTWOOD, WS7 1FA - £74,950

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.

2 LANCE DRIVE is a very small extended semi-detached house of 66m², built sometime between 1967 and 1975, which could now be worth an estimated £257,171. It was last sold for £74,950 in December 2001, which was around 19% below the average December 2001 semi-detached price in the Lichfield local authority area. The most recent EPC inspection was November 2018, where the current energy rating was D, and the potential energy rating was B.

2 LANCE DRIVE Sold Prices

Land registry data shows two sales for 2 LANCE DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Lichfield local authority area for the corresponding sale date. Both of the two 2 LANCE DRIVE 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
2001 21 DEC	£74,950	£92,215	19% below HPI
1999 1 OCT	£52,500	£74,107	29% below HPI

2 LANCE DRIVE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Lichfield local authority area over time, sourced from the HPI. The two 2 LANCE DRIVE sales from October 1999 and December 2001 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 October 1999 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the December 2001 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 2 LANCE DRIVE be worth now?

2 LANCE DRIVE might now be worth an estimated £257,171.

This is based on house price inflation of 243.1%, between December 2001 and May 2026, for semi-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 243.1% inflationary increase is applied to the most recent sale price for 2 LANCE DRIVE of £74,950 on 21st December 2001. For the value to have increased from £74,950 to £257,171 over the 25 years and seven months to May 2026, the following assumptions must hold true:

• The value of 2 LANCE DRIVE has moved in line with the HPI for semi-detached houses in the Lichfield local authority area.
• The December 2001 sale price of £74,950 represented a fair market value for the property.
• The size, condition, and specification of 2 LANCE DRIVE has not materially changed since December 2001.

How Large is 2 LANCE DRIVE?

2 LANCE DRIVE is 66m², which includes one extension, according to the EPC inspection conducted in November 2018. This puts it in the smallest 10% of semi-detached houses houses in Burntwood, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Burntwood, and where 2 LANCE DRIVE lies on this distribution: 7% of semi-detached houses houses are smaller than 2 LANCE DRIVE, and 93% of houses are larger. Note that EPC data is not available for all properties in Burntwood.

2 LANCE DRIVE: Plot and Title Map

2 LANCE DRIVE sits on a plot of roughly 0.048 of an acre, or 195m². The below map shows the location of 2 LANCE DRIVE, 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 2 LANCE DRIVE). 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 2 LANCE DRIVE?

2 LANCE DRIVE is located in BURNTWOOD, in the WS7 postcode district. The below map shows the position of No. 2 on LANCE DRIVE.