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Company No. 11113204
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According to the public record, 5, Espin Close, Lichfield is a modern freehold house with 1,356 ft2 of internal area.
Houses of this size in this area normally have 4 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 5, Espin Close, Lichfield is £515,272 and the estimated rental value is £2,074 per month.
Espin Close, Lichfield, WS14 is located in the borough of Lichfield within the WS14 postal district.
5, Espin Close, Lichfield has a single entry in the Land Registry from June 2024 and a single entry in the EPC database dated March 2024.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 5, Espin Close, Lichfield is in very good condition we estimate a sale value of £541,036 and a rental value of £2,178 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £479,203 and a rental value of £1,929 per month.
Over the last 12 months the sale value of 5 Espin Close Lichfield has decreased by an estimated £2,894 (0.6%) and its rental value has increased by an estimated £55 per month (2.7%), giving an expected gross yield of 4.8%.
5, Espin Close, Lichfield has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 04 Mar 2024.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 5, Espin Close, Lichfield was last sold on 6th June 2024 for £484,500 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since June 2024, the market for similar properties has risen 3.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Espin Close, Lichfield within a radius of 1.0 kilometres over the last 2 years.
The most recent example is 10, Mason Avenue, Lichfield, WS14 0FL, a freehold house which sold for £475,000 on the 28th June 2024.
Read more about house prices in WS14.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Espin Close, Lichfield, WS14 has a total of 10 addresses. According to our analysis of all the public data, 5, Espin Close, Lichfield is the 4th largest and the 4th most expensive property on the street.
When compared to the postcode district it is £85k more expensive than the average property in WS14.
The closest station to 5, Espin Close, Lichfield is Lichfield City station which is 1.7 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 5, Espin Close, Lichfield, 40.6% of property is privately owned with a mortgage and 29.4% is privately owned outright.
The graph below shows how this compares to West Midlands and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 5, Espin Close, Lichfield, 15.0% of residents are recorded as possessing school level qualifications and 51.4% as possessing degree level qualifications.
The graph below shows how this compares to West Midlands and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 5, Espin Close, Lichfield, the average age was 42.8 and the most common age was 52.
The graph below shows how this compares to West Midlands and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 5, Espin Close, Lichfield, 0.0% of property was a second home.
Comparison figures for West Midlands and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 5, Espin Close, Lichfield, there are an average of 1.7 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.
