24, SPRING ROAD, LICHFIELD, WS13 6BJ - £247,500

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 SPRING ROAD is a very small extended semi-detached house of 83m², built sometime between 1950 and 1966, which could now be worth an estimated £301,840. It was last sold for £247,500 in February 2021, which was around 1% above the average February 2021 semi-detached price in the Lichfield local authority area. The most recent EPC inspection was October 2013, where the current energy rating was C, and the potential energy rating was B.

24 SPRING ROAD Sold Prices

Land registry data shows three sales for 24 SPRING ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Lichfield local authority area for the corresponding sale date. One of the three 24 SPRING ROAD sales was for above the average price, whilst two 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
2021 5 FEB	£247,500	£245,883	1% above HPI
2018 23 AUG	£210,000	£227,618	8% below HPI
2014 31 MAR	£152,000	£177,638	14% below HPI

24 SPRING ROAD 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 three 24 SPRING ROAD sales between March 2014 and February 2021 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 August 2018 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the February 2021 sale, where it rises to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might 24 SPRING ROAD be worth now?

24 SPRING ROAD might now be worth an estimated £301,840.

This is based on house price inflation of 22%, between February 2021 and June 2025, 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 22% inflationary increase is applied to the most recent sale price for 24 SPRING ROAD of £247,500 on 5th February 2021. For the value to have increased from £247,500 to £301,840 over the three years and eight months to June 2025, the following assumptions must hold true:

• The value of 24 SPRING ROAD has moved in line with the HPI for semi-detached houses in the Lichfield local authority area.
• The February 2021 sale price of £247,500 represented a fair market value for the property.
• The size, condition, and specification of 24 SPRING ROAD has not materially changed since February 2021.

How Large is 24 SPRING ROAD?

24 SPRING ROAD is 83m², which includes one extension, according to the EPC inspection conducted in October 2013. This puts it in the smallest 20% of semi-detached houses houses in Lichfield, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Lichfield, and where 24 SPRING ROAD lies on this distribution: 14% of semi-detached houses houses are smaller than 24 SPRING ROAD, and 86% of houses are larger. Note that EPC data is not available for all properties in Lichfield.

24 SPRING ROAD: Plot and Title Map

24 SPRING ROAD sits on a plot of roughly 0.046 of an acre, or 187m². The below map shows the location of 24 SPRING ROAD, 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 SPRING ROAD). 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 SPRING ROAD?

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