31, FAREWELL LANE, BURNTWOOD, WS7 9DW - £377,500

31 FAREWELL LANE is a very large extended detached house of 139m², built sometime between 1967 and 1975. It was last sold for £377,500 in February 2020, which was around 2% below the average February 2020 detached price in the Lichfield local authority area. The most recent EPC inspection was May 2015, where the current energy rating was C, and the potential energy rating was C.

31 FAREWELL LANE Sold Prices

Land registry data shows three sales for 31 FAREWELL LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Lichfield local authority area for the corresponding sale date. All of the three 31 FAREWELL LANE 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
2020 12 FEB	£377,500	£386,798	2% below HPI
2015 7 JUL	£220,000	£326,071	33% below HPI
2011 17 JAN	£240,000	£285,293	16% below HPI

31 FAREWELL LANE 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 three 31 FAREWELL LANE sales between January 2011 and February 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 July 2015 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the February 2020 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

How Large is 31 FAREWELL LANE?

31 FAREWELL LANE is 139m², which includes one extension, according to the EPC inspection conducted in May 2015. This puts it in the largest 20% of detached houses in Burntwood, based on EPC data. The below chart shows the distribution of detached houses by size in Burntwood, and where 31 FAREWELL LANE lies on this distribution: 83% of detached houses are smaller than 31 FAREWELL LANE, and 17% of houses are larger. Note that EPC data is not available for all properties in Burntwood.

31 FAREWELL LANE: Plot and Title Map

31 FAREWELL LANE sits on a plot of roughly 0.098 of an acre, or 397m². The below map shows the location of 31 FAREWELL LANE, 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 31 FAREWELL LANE). 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 31 FAREWELL LANE?

31 FAREWELL LANE is located in BURNTWOOD, in the WS7 postcode district. The below map shows the position of No. 31 on FAREWELL LANE.