7, LIME WAY, STREETHAY, LICHFIELD, WS13 8RP - £330,000

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 LIME WAY is a small extended semi-detached house of 117m², built sometime between 2003 and 2006, which could now be worth an estimated £380,877. It was last sold for £330,000 in May 2023, which was around 20% above the average May 2023 semi-detached price in the Lichfield local authority area. The most recent EPC inspection was June 2022, where the current energy rating was C, and the potential energy rating was B.

7 LIME WAY Sold Prices

Land registry data shows four sales for 7 LIME WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Lichfield local authority area for the corresponding sale date. All of the four 7 LIME WAY 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
2023 19 MAY	£330,000	£274,145	20% above HPI
2019 29 NOV	£246,000	£225,201	9% above HPI
2013 10 JUL	£185,000	£169,786	9% above HPI
2006 1 DEC	£249,995	£174,278	43% above HPI

7 LIME WAY Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Lichfield local authority area over time, sourced from the HPI. The four 7 LIME WAY sales between December 2006 and May 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 November 2019 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the May 2023 sale, where it rises to 20% above the HPI. The line then continues to track at 20% above the HPI.

What might 7 LIME WAY be worth now?

7 LIME WAY might now be worth an estimated £380,877.

This is based on house price inflation of 15.4%, between May 2023 and May 2026, for semi-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 15.4% inflationary increase is applied to the most recent sale price for 7 LIME WAY of £330,000 on 19th May 2023. For the value to have increased from £330,000 to £380,877 over the three years to May 2026, the following assumptions must hold true:

• The value of 7 LIME WAY has moved in line with the HPI for semi-detached houses in the Lichfield local authority area.
• The May 2023 sale price of £330,000 represented a fair market value for the property.
• The size, condition, and specification of 7 LIME WAY has not materially changed since May 2023.

How Large is 7 LIME WAY?

7 LIME WAY is 117m², which includes one extension, according to the EPC inspection conducted in June 2022. This puts it in the smallest 40% of semi-detached houses houses in Streethay, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Streethay, and where 7 LIME WAY lies on this distribution: 35% of semi-detached houses houses are smaller than 7 LIME WAY, and 63% of houses are larger. Note that EPC data is not available for all properties in Streethay.

7 LIME WAY: Plot and Title Map

7 LIME WAY sits on a plot of roughly 0.036 of an acre, or 144m². The below map shows the location of 7 LIME WAY, 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 LIME WAY). 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 LIME WAY?

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