8, ELDER LANE, BURNTWOOD, WS7 9BT - £270,000

8 ELDER LANE is a very large extended detached house of 136m², built sometime between 1967 and 1975. It was last sold for £270,000 in February 2022, which was around 42% below the average February 2022 detached price in the Lichfield local authority area. The most recent EPC inspection was December 2015, where the current energy rating was C, and the potential energy rating was B.

8 ELDER LANE Sold Prices

Land registry data shows four sales for 8 ELDER LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Lichfield local authority area for the corresponding sale date. All of the four 8 ELDER LANE 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 4 FEB	£270,000	£461,776	42% below HPI
2008 18 JUL	£177,500	£285,770	38% below HPI
2006 15 SEP	£189,950	£282,949	33% below HPI
2002 22 OCT	£115,000	£190,850	40% below HPI

8 ELDER LANE 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 four 8 ELDER LANE sales between October 2002 and February 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 July 2008 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the February 2022 sale, where it falls to 42% below the HPI. The line then continues to track at 42% below the HPI.

How Large is 8 ELDER LANE?

8 ELDER LANE is 136m², which includes two extensions, according to the EPC inspection conducted in December 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 8 ELDER LANE lies on this distribution: 81% of detached houses are smaller than 8 ELDER LANE, and 19% of houses are larger. Note that EPC data is not available for all properties in Burntwood.

8 ELDER LANE: Plot and Title Map

8 ELDER LANE sits on a plot of roughly 0.087 of an acre, or 351m². The below map shows the location of 8 ELDER LANE, 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 8 ELDER LANE). 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 8 ELDER LANE?

8 ELDER LANE is located in BURNTWOOD, in the WS7 postcode district. The below map shows the position of No. 8 on ELDER LANE.