2, TEAN CLOSE, BURNTWOOD, WS7 9JS - £278,000

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 TEAN CLOSE is a midsized extended terraced house of 105m², built sometime between 1983 and 1990, which could now be worth an estimated £356,704. It was last sold for £278,000 in December 2020, which was around 42% above the average December 2020 terraced price in the Lichfield local authority area. The most recent EPC inspection was July 2019, where the current energy rating was D, and the potential energy rating was B.

2 TEAN CLOSE Sold Prices

Land registry data shows four sales for 2 TEAN CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Lichfield local authority area for the corresponding sale date. All of the four 2 TEAN CLOSE 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
2020 11 DEC	£278,000	£195,232	42% above HPI
2008 21 NOV	£167,500	£131,825	27% above HPI
2000 31 AUG	£99,500	£63,639	56% above HPI
1996 4 APR	£70,500	£43,248	63% above HPI

2 TEAN CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Lichfield local authority area over time, sourced from the HPI. The four 2 TEAN CLOSE sales between April 1996 and December 2020 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 November 2008 sale was for 27% above the HPI. So the extrapolation line tracks at 27% above the HPI over time, until the December 2020 sale, where it rises to 42% above the HPI. The line then continues to track at 42% above the HPI.

What might 2 TEAN CLOSE be worth now?

2 TEAN CLOSE might now be worth an estimated £356,704.

This is based on house price inflation of 28.3%, between December 2020 and May 2026, for terraced 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 28.3% inflationary increase is applied to the most recent sale price for 2 TEAN CLOSE of £278,000 on 11th December 2020. For the value to have increased from £278,000 to £356,704 over the six years and seven months to May 2026, the following assumptions must hold true:

• The value of 2 TEAN CLOSE has moved in line with the HPI for terraced houses in the Lichfield local authority area.
• The December 2020 sale price of £278,000 represented a fair market value for the property.
• The size, condition, and specification of 2 TEAN CLOSE has not materially changed since December 2020.

How Large is 2 TEAN CLOSE?

2 TEAN CLOSE is 105m², which includes one extension, according to the EPC inspection conducted in July 2019. This puts it in the smallest 50% of terraced houses houses in Burntwood, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Burntwood, and where 2 TEAN CLOSE lies on this distribution: 46% of terraced houses houses are smaller than 2 TEAN CLOSE, and 53% of houses are larger. Note that EPC data is not available for all properties in Burntwood.

2 TEAN CLOSE: Plot and Title Map

2 TEAN CLOSE sits on a plot of roughly 0.055 of an acre, or 221m². The below map shows the location of 2 TEAN CLOSE, 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 TEAN CLOSE). 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 TEAN CLOSE?

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