2, SALT WAY, FRADLEY, LICHFIELD, WS13 8UQ - £360,000

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.

2 SALT WAY is a small detached house of 106m², which could now be worth an estimated £405,054. It was last sold for £360,000 in March 2022, which was around 20% below the average March 2022 detached price in the Lichfield local authority area. The most recent EPC inspection was November 2017, where the current energy rating was B, and the potential energy rating was A.

2 SALT WAY Sold Prices

Land registry data shows two sales for 2 SALT WAY 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. Both of the two 2 SALT WAY 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
2022 31 MAR	£360,000	£452,518	20% below HPI
2018 12 JAN	£299,995	£363,505	17% below HPI

2 SALT WAY 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 2 SALT WAY sales from January 2018 and March 2022 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 2018 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the March 2022 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 2 SALT WAY be worth now?

2 SALT WAY might now be worth an estimated £405,054.

This is based on house price inflation of 12.5%, between March 2022 and February 2025, 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 12.5% inflationary increase is applied to the most recent sale price for 2 SALT WAY of £360,000 on 31st March 2022. For the value to have increased from £360,000 to £405,054 over the three years and one month to February 2025, the following assumptions must hold true:

• The value of 2 SALT WAY has moved in line with the HPI for detached houses in the Lichfield local authority area.
• The March 2022 sale price of £360,000 represented a fair market value for the property.
• The size, condition, and specification of 2 SALT WAY has not materially changed since March 2022.

How Large is 2 SALT WAY?

2 SALT WAY is 106m² according to the EPC inspection conducted in November 2017. This puts it in the smallest 30% of detached houses houses in Fradley South, based on EPC data. The below chart shows the distribution of detached houses houses by size in Fradley South, and where 2 SALT WAY lies on this distribution: 23% of detached houses houses are smaller than 2 SALT WAY, and 74% of houses are larger. Note that EPC data is not available for all properties in Fradley South.

2 SALT WAY: Plot and Title Map

2 SALT WAY sits on a plot of roughly 0.085 of an acre, or 343m². The below map shows the location of 2 SALT WAY, 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 SALT WAY). 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 SALT WAY?

2 SALT WAY is located in FRADLEY, in the WS13 postcode district. The below map shows the position of No. 2 on SALT WAY.