7, BURNS CLOSE, LICHFIELD, WS14 9DW - £325,000

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.

7 BURNS CLOSE is a very small terraced house of 69m², built sometime between 1967 and 1975, which could now be worth an estimated £397,214. It was last sold for £325,000 in June 2021, which was around 59% above the average June 2021 terraced price in the Lichfield local authority area. The most recent EPC inspection was December 2013, where the current energy rating was D, and the potential energy rating was B.

7 BURNS CLOSE Sold Prices

Land registry data shows three sales for 7 BURNS CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Lichfield local authority area for the corresponding sale date. All of the three 7 BURNS 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
2021 1 JUN	£325,000	£204,467	59% above HPI
2018 13 JUL	£282,000	£180,290	56% above HPI
2013 28 MAR	£193,000	£134,216	44% above HPI

7 BURNS 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 three 7 BURNS CLOSE sales between March 2013 and June 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 July 2018 sale was for 56% above the HPI. So the extrapolation line tracks at 56% above the HPI over time, until the June 2021 sale, where it rises to 59% above the HPI. The line then continues to track at 59% above the HPI.

What might 7 BURNS CLOSE be worth now?

7 BURNS CLOSE might now be worth an estimated £397,214.

This is based on house price inflation of 22.2%, between June 2021 and April 2026, 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 22.2% inflationary increase is applied to the most recent sale price for 7 BURNS CLOSE of £325,000 on 1st June 2021. For the value to have increased from £325,000 to £397,214 over the five years and two months to April 2026, the following assumptions must hold true:

• The value of 7 BURNS CLOSE has moved in line with the HPI for terraced houses in the Lichfield local authority area.
• The June 2021 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of 7 BURNS CLOSE has not materially changed since June 2021.

How Large is 7 BURNS CLOSE?

7 BURNS CLOSE is 69m² according to the EPC inspection conducted in December 2013. This puts it in the smallest 10% 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 7 BURNS CLOSE lies on this distribution: 5% of terraced houses houses are smaller than 7 BURNS CLOSE, and 95% of houses are larger. Note that EPC data is not available for all properties in Lichfield.

7 BURNS CLOSE: Plot and Title Map

7 BURNS CLOSE sits on a plot of roughly 0.054 of an acre, or 217m². The below map shows the location of 7 BURNS 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 7 BURNS 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 7 BURNS CLOSE?

7 BURNS CLOSE is located in LICHFIELD, in the WS14 postcode district. The below map shows the position of No. 7 on BURNS CLOSE.