8, BURNS CLOSE, LICHFIELD, WS14 9DW - £195,000

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.

8 BURNS CLOSE is a midsized extended terraced house of 77m², built sometime between 1967 and 1975, which could now be worth an estimated £326,062. It was last sold for £195,000 in February 2015, which was around 30% above the average February 2015 terraced price in the Lichfield local authority area. The most recent EPC inspection was September 2014, where the current energy rating was C, and the potential energy rating was B.

8 BURNS CLOSE Sold Prices

Land registry data shows one sale for 8 BURNS CLOSE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average terraced 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
2015 9 FEB	£195,000	£149,813	30% above HPI

What might 8 BURNS CLOSE be worth now?

8 BURNS CLOSE might now be worth an estimated £326,062.

This is based on house price inflation of 67.2%, between February 2015 and May 2026, for terraced 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 67.2% inflationary increase is applied to the most recent sale price for 8 BURNS CLOSE of £195,000 on 9th February 2015. For the value to have increased from £195,000 to £326,062 over the ten years and nine months to May 2026, the following assumptions must hold true:

• The value of 8 BURNS CLOSE has moved in line with the HPI for terraced houses in the Lichfield local authority area.
• The February 2015 sale price of £195,000 represented a fair market value for the property.
• The size, condition, and specification of 8 BURNS CLOSE has not materially changed since February 2015.

How Large is 8 BURNS CLOSE?

8 BURNS CLOSE is 77m², which includes one extension, according to the EPC inspection conducted in September 2014. This puts it in the smallest 50% of terraced houses in Lichfield, based on EPC data. The below chart shows the distribution of terraced houses by size in Lichfield, and where 8 BURNS CLOSE lies on this distribution: 41% of terraced houses are smaller than 8 BURNS CLOSE, and 58% of terraced houses are larger. Note that EPC data is not available for all properties in Lichfield.

8 BURNS CLOSE: Plot

8 BURNS CLOSE sits on a plot of roughly 0.051 of an acre, or 206m².

Where is 8 BURNS CLOSE?

8 BURNS CLOSE is located in LICHFIELD, in the WS14 postcode district.