4, SPEARHILL, LICHFIELD, WS14 9UD - £310,000

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.

4 SPEARHILL is a very small detached house of 80m², built sometime between 1976 and 1982, which could now be worth an estimated £434,411. It was last sold for £310,000 in May 2019, which was around 17% below the average May 2019 detached price in the Lichfield local authority area. The most recent EPC inspection was May 2018, where the current energy rating was D, and the potential energy rating was B.

4 SPEARHILL Sold Prices

Land registry data shows one sale for 4 SPEARHILL 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
2019 10 MAY	£310,000	£373,523	17% below HPI

What might 4 SPEARHILL be worth now?

4 SPEARHILL might now be worth an estimated £434,411.

This is based on house price inflation of 40.1%, between May 2019 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 40.1% inflationary increase is applied to the most recent sale price for 4 SPEARHILL of £310,000 on 10th May 2019. For the value to have increased from £310,000 to £434,411 over the seven years to May 2026, the following assumptions must hold true:

• The value of 4 SPEARHILL has moved in line with the HPI for detached houses in the Lichfield local authority area.
• The May 2019 sale price of £310,000 represented a fair market value for the property.
• The size, condition, and specification of 4 SPEARHILL has not materially changed since May 2019.

How Large is 4 SPEARHILL?

4 SPEARHILL is 80m² according to the EPC inspection conducted in May 2018. This puts it in the smallest 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 4 SPEARHILL lies on this distribution: 11% of detached houses are smaller than 4 SPEARHILL, and 88% of detached houses are larger. Note that EPC data is not available for all properties in Lichfield.

4 SPEARHILL: Plot

4 SPEARHILL sits on a plot of roughly 0.062 of an acre, or 250m².

Where is 4 SPEARHILL?

4 SPEARHILL is located in LICHFIELD, in the WS14 postcode district.