5, MITCHELL CLOSE, LICHFIELD, WS13 8SL - £338,000

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.

5 MITCHELL CLOSE is a very small detached house of 79m², built sometime between 2003 and 2006, which could now be worth an estimated £366,358. It was last sold for £338,000 in August 2023, which was around 30% below the average August 2023 detached price in the Lichfield local authority area. The most recent EPC inspection was July 2018, where the current energy rating was C, and the potential energy rating was B.

5 MITCHELL CLOSE Sold Prices

Land registry data shows three sales for 5 MITCHELL CLOSE 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 MITCHELL CLOSE 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
2023 18 AUG	£338,000	£481,990	30% below HPI
2018 6 DEC	£275,000	£392,124	30% below HPI
2003 25 APR	£159,995	£214,710	25% below HPI

5 MITCHELL CLOSE 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 MITCHELL CLOSE sales between April 2003 and August 2023 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 December 2018 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the August 2023 sale, which was also at 30% below the HPI.

What might 5 MITCHELL CLOSE be worth now?

5 MITCHELL CLOSE might now be worth an estimated £366,358.

This is based on house price inflation of 8.4%, between August 2023 and April 2026, for 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 8.4% inflationary increase is applied to the most recent sale price for 5 MITCHELL CLOSE of £338,000 on 18th August 2023. For the value to have increased from £338,000 to £366,358 over the three years and four months to April 2026, the following assumptions must hold true:

• The value of 5 MITCHELL CLOSE has moved in line with the HPI for detached houses in the Lichfield local authority area.
• The August 2023 sale price of £338,000 represented a fair market value for the property.
• The size, condition, and specification of 5 MITCHELL CLOSE has not materially changed since August 2023.

How Large is 5 MITCHELL CLOSE?

5 MITCHELL CLOSE is 79m² according to the EPC inspection conducted in July 2018. This puts it in the smallest 10% of detached houses houses in Fradley South, based on EPC data. The below chart shows the distribution of detached houses houses by size in Fradley South, and where 5 MITCHELL CLOSE lies on this distribution: 4% of detached houses houses are smaller than 5 MITCHELL CLOSE, and 95% of houses are larger. Note that EPC data is not available for all properties in Fradley South.

5 MITCHELL CLOSE: Plot and Title Map

5 MITCHELL CLOSE sits on a plot of roughly 0.057 of an acre, or 231m². The below map shows the location of 5 MITCHELL 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 5 MITCHELL 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 5 MITCHELL CLOSE?

5 MITCHELL CLOSE is located in LICHFIELD, in the WS13 postcode district. The below map shows the position of No. 5 on MITCHELL CLOSE.