5, REDLOCK FIELD, LICHFIELD, WS14 0AB - £340,000

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.

5 REDLOCK FIELD is a very small extended detached house of 89m², built sometime between 1967 and 1975, which could now be worth an estimated £420,736. It was last sold for £340,000 in June 2021, which was around 20% below the average June 2021 detached price in the Lichfield local authority area. The most recent EPC inspection was February 2021, where the current energy rating was D, and the potential energy rating was C.

5 REDLOCK FIELD Sold Prices

Land registry data shows one sale for 5 REDLOCK FIELD 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
2021 28 JUN	£340,000	£422,985	20% below HPI

What might 5 REDLOCK FIELD be worth now?

5 REDLOCK FIELD might now be worth an estimated £420,736.

This is based on house price inflation of 23.7%, between June 2021 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 23.7% inflationary increase is applied to the most recent sale price for 5 REDLOCK FIELD of £340,000 on 28th June 2021. For the value to have increased from £340,000 to £420,736 over the five years and one month to May 2026, the following assumptions must hold true:

• The value of 5 REDLOCK FIELD has moved in line with the HPI for detached houses in the Lichfield local authority area.
• The June 2021 sale price of £340,000 represented a fair market value for the property.
• The size, condition, and specification of 5 REDLOCK FIELD has not materially changed since June 2021.

How Large is 5 REDLOCK FIELD?

5 REDLOCK FIELD is 89m², which includes one extension, according to the EPC inspection conducted in February 2021. 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 5 REDLOCK FIELD lies on this distribution: 19% of detached houses are smaller than 5 REDLOCK FIELD, and 80% of detached houses are larger. Note that EPC data is not available for all properties in Lichfield.

5 REDLOCK FIELD: Plot

5 REDLOCK FIELD sits on a plot of roughly 0.108 of an acre, or 436m².

Where is 5 REDLOCK FIELD?

5 REDLOCK FIELD is located in LICHFIELD, in the WS14 postcode district.