FAIRVIEW, CHERRY ORCHARD, LICHFIELD, WS14 9AA - £405,000

FAIRVIEW is a very large extended detached house of 170m², built sometime between 1983 and 1990. It was last sold for £405,000 in May 2015, which was around 26% above the average May 2015 detached price in the Lichfield local authority area. The most recent EPC inspection was November 2012, where the current energy rating was C, and the potential energy rating was B.

FAIRVIEW Sold Prices

Land registry data shows three sales for FAIRVIEW 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 FAIRVIEW 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
2015 20 MAY	£405,000	£321,561	26% above HPI
2009 10 JUL	£375,000	£256,283	46% above HPI
2001 24 OCT	£227,500	£159,657	42% above HPI

FAIRVIEW 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 FAIRVIEW sales between October 2001 and May 2015 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 2009 sale was for 46% above the HPI. So the extrapolation line tracks at 46% above the HPI over time, until the May 2015 sale, where it falls to 26% above the HPI. The line then continues to track at 26% above the HPI.

How Large is FAIRVIEW?

FAIRVIEW is 170m², which includes one extension, according to the EPC inspection conducted in November 2012. This puts it in the largest 20% of detached houses in Lichfield, based on EPC data. The below chart shows the distribution of detached houses by size in Lichfield, and where FAIRVIEW lies on this distribution: 83% of detached houses are smaller than FAIRVIEW, and 17% of houses are larger. Note that EPC data is not available for all properties in Lichfield.

FAIRVIEW: Plot and Title Map

FAIRVIEW sits on a plot of roughly 0.164 of an acre, or 664m². The below map shows the location of FAIRVIEW, 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 FAIRVIEW). 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 FAIRVIEW?

FAIRVIEW is located on CHERRY ORCHARD in LICHFIELD, in the WS14 postcode district. The below map shows the position of FAIRVIEW on CHERRY ORCHARD.