7, FARADAY ROAD, STREETHAY, LICHFIELD, WS13 8UX - £440,000

7 FARADAY ROAD is a very small detached house of 87m². It was last sold for £440,000 in November 2022, which was around 9% below the average November 2022 detached price in the Lichfield local authority area. The most recent EPC inspection was August 2020, where the current energy rating was B, and the potential energy rating was A.

7 FARADAY ROAD Sold Prices

Land registry data shows two sales for 7 FARADAY ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Lichfield local authority area for the corresponding sale date. Both of the two 7 FARADAY ROAD 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
2022 15 NOV	£440,000	£483,895	9% below HPI
2020 30 SEP	£298,000	£390,802	24% below HPI

7 FARADAY ROAD 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 two 7 FARADAY ROAD sales from September 2020 and November 2022 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 September 2020 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the November 2022 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is 7 FARADAY ROAD?

7 FARADAY ROAD is 87m² according to the EPC inspection conducted in August 2020. This puts it in the smallest 10% of detached houses in Streethay, based on EPC data. The below chart shows the distribution of detached houses by size in Streethay, and where 7 FARADAY ROAD lies on this distribution: 2% of detached houses are smaller than 7 FARADAY ROAD, and 89% of houses are larger. Note that EPC data is not available for all properties in Streethay.

7 FARADAY ROAD: Plot and Title Map

7 FARADAY ROAD sits on a plot of roughly 0.067 of an acre, or 270m². The below map shows the location of 7 FARADAY 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 7 FARADAY 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 7 FARADAY ROAD?

7 FARADAY ROAD is located in STREETHAY, in the WS13 postcode district. The below map shows the position of No. 7 on FARADAY ROAD.