1, FORGE LANE, LICHFIELD, WS13 7BE - £290,000

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.

1 FORGE LANE is a small extended detached house of 92m², built sometime between 1976 and 1982, which could now be worth an estimated £323,466. It was last sold for £290,000 in October 2023, which was around 38% below the average October 2023 detached price in the Lichfield local authority area. The most recent EPC inspection was March 2023, where the current energy rating was D, and the potential energy rating was B.

1 FORGE LANE Sold Prices

Land registry data shows one sale for 1 FORGE LANE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average detached price in the Lichfield local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2023 19 OCT	£290,000	£469,273	38% below HPI

What might 1 FORGE LANE be worth now?

1 FORGE LANE might now be worth an estimated £323,466.

This is based on house price inflation of 11.5%, between October 2023 and May 2026, for 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 11.5% inflationary increase is applied to the most recent sale price for 1 FORGE LANE of £290,000 on 19th October 2023. For the value to have increased from £290,000 to £323,466 over the three years and five months to May 2026, the following assumptions must hold true:

• The value of 1 FORGE LANE has moved in line with the HPI for detached houses in the Lichfield local authority area.
• The October 2023 sale price of £290,000 represented a fair market value for the property.
• The size, condition, and specification of 1 FORGE LANE has not materially changed since October 2023.

How Large is 1 FORGE LANE?

1 FORGE LANE is 92m², which includes one extension, according to the EPC inspection conducted in March 2023. This puts it in the smallest 30% of detached houses in Lichfield, based on EPC data. The below chart shows the distribution of detached houses by size in Lichfield, and where 1 FORGE LANE lies on this distribution: 22% of detached houses are smaller than 1 FORGE LANE, and 77% of detached houses are larger. Note that EPC data is not available for all properties in Lichfield.

1 FORGE LANE: Plot

1 FORGE LANE sits on a plot of roughly 0.075 of an acre, or 303m².

Where is 1 FORGE LANE?

1 FORGE LANE is located in LICHFIELD, in the WS13 postcode district.