24, SOUTHWARK CLOSE, LICHFIELD, WS13 7SH - £260,000

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.

24 SOUTHWARK CLOSE is a small extended terraced house of 98m², built sometime between 1976 and 1982, which could now be worth an estimated £353,200. It was last sold for £260,000 in June 2019, which was around 49% above the average June 2019 terraced price in the Lichfield local authority area. The most recent EPC inspection was March 2019, where the current energy rating was C, and the potential energy rating was B.

24 SOUTHWARK CLOSE Sold Prices

Land registry data shows two sales for 24 SOUTHWARK CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Lichfield local authority area for the corresponding sale date. Both of the two 24 SOUTHWARK 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
2019 4 JUN	£260,000	£174,954	49% above HPI
2001 19 OCT	£86,000	£69,942	23% above HPI

24 SOUTHWARK 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 two 24 SOUTHWARK CLOSE sales from October 2001 and June 2019 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 2001 sale was for 23% above the HPI. So the extrapolation line tracks at 23% above the HPI over time, until the June 2019 sale, where it rises to 49% above the HPI. The line then continues to track at 49% above the HPI.

What might 24 SOUTHWARK CLOSE be worth now?

24 SOUTHWARK CLOSE might now be worth an estimated £353,200.

This is based on house price inflation of 35.8%, between June 2019 and June 2025, 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 35.8% inflationary increase is applied to the most recent sale price for 24 SOUTHWARK CLOSE of £260,000 on 4th June 2019. For the value to have increased from £260,000 to £353,200 over the six years to June 2025, the following assumptions must hold true:

• The value of 24 SOUTHWARK CLOSE has moved in line with the HPI for terraced houses in the Lichfield local authority area.
• The June 2019 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of 24 SOUTHWARK CLOSE has not materially changed since June 2019.

How Large is 24 SOUTHWARK CLOSE?

24 SOUTHWARK CLOSE is 98m², which includes two extensions, according to the EPC inspection conducted in March 2019. This puts it in the smallest 30% of terraced houses houses in Lichfield, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Lichfield, and where 24 SOUTHWARK CLOSE lies on this distribution: 30% of terraced houses houses are smaller than 24 SOUTHWARK CLOSE, and 69% of houses are larger. Note that EPC data is not available for all properties in Lichfield.

24 SOUTHWARK CLOSE: Plot and Title Map

24 SOUTHWARK CLOSE sits on a plot of roughly 0.052 of an acre, or 210m². The below map shows the location of 24 SOUTHWARK 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 24 SOUTHWARK 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 24 SOUTHWARK CLOSE?

24 SOUTHWARK CLOSE is located in LICHFIELD, in the WS13 postcode district. The below map shows the position of No. 24 on SOUTHWARK CLOSE.