5, LANCE DRIVE, BURNTWOOD, WS7 1FA - £184,000

5 LANCE DRIVE is a very small detached house of 71m², built sometime between 1967 and 1975. It was last sold for £184,000 in February 2018, which was around 49% below the average February 2018 detached price in the Lichfield local authority area. The most recent EPC inspection was June 2016, where the current energy rating was D, and the potential energy rating was B.

5 LANCE DRIVE Sold Prices

Land registry data shows three sales for 5 LANCE DRIVE 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 5 LANCE DRIVE 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
2018 23 FEB	£184,000	£361,916	49% below HPI
2002 30 MAY	£86,500	£167,447	48% below HPI
1996 24 MAY	£53,000	£94,652	44% below HPI

5 LANCE DRIVE 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 5 LANCE DRIVE sales between May 1996 and February 2018 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 May 2002 sale was for 48% below the HPI. So the extrapolation line tracks at 48% below the HPI over time, until the February 2018 sale, where it falls to 49% below the HPI. The line then continues to track at 49% below the HPI.

How Large is 5 LANCE DRIVE?

5 LANCE DRIVE is 71m² according to the EPC inspection conducted in June 2016. This puts it in the smallest 10% of detached houses in Burntwood, based on EPC data. The below chart shows the distribution of detached houses by size in Burntwood, and where 5 LANCE DRIVE lies on this distribution: 10% of detached houses are smaller than 5 LANCE DRIVE, and 90% of houses are larger. Note that EPC data is not available for all properties in Burntwood.

5 LANCE DRIVE: Plot and Title Map

5 LANCE DRIVE sits on a plot of roughly 0.051 of an acre, or 206m². The below map shows the location of 5 LANCE DRIVE, 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 5 LANCE DRIVE). 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 5 LANCE DRIVE?

5 LANCE DRIVE is located in BURNTWOOD, in the WS7 postcode district. The below map shows the position of No. 5 on LANCE DRIVE.