7, REID CLOSE, BURNTWOOD, WS7 9QF - £450,000

7 REID CLOSE is a very large extended detached house of 157m², built sometime between 1996 and 2002. It was last sold for £450,000 in December 2020, which was around 11% above the average December 2020 detached price in the Lichfield local authority area. The most recent EPC inspection was January 2015, where the current energy rating was C, and the potential energy rating was B.

7 REID CLOSE Sold Prices

Land registry data shows three sales for 7 REID 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 7 REID 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
2020 11 DEC	£450,000	£405,420	11% above HPI
2015 12 JUN	£352,000	£330,428	7% above HPI
2000 23 NOV	£189,950	£148,689	28% above HPI

7 REID 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 7 REID CLOSE sales between November 2000 and December 2020 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 June 2015 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the December 2020 sale, where it rises to 11% above the HPI. The line then continues to track at 11% above the HPI.

How Large is 7 REID CLOSE?

7 REID CLOSE is 157m², which includes one extension, according to the EPC inspection conducted in January 2015. This puts it in the largest 20% of detached houses in Burntwood, based on EPC data. The below chart shows the distribution of detached houses by size in Burntwood, and where 7 REID CLOSE lies on this distribution: 89% of detached houses are smaller than 7 REID CLOSE, and 10% of houses are larger. Note that EPC data is not available for all properties in Burntwood.

7 REID CLOSE: Plot and Title Map

7 REID CLOSE sits on a plot of roughly 0.104 of an acre, or 421m². The below map shows the location of 7 REID 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 REID 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 REID CLOSE?

7 REID CLOSE is located in BURNTWOOD, in the WS7 postcode district. The below map shows the position of No. 7 on REID CLOSE.