The average property value in Lichfield is £332,003 according to property sale data for the year ending June 2021 published by HM Land Registry. Between the years ending June 2020 and June 2021, property values in Lichfield grew by £37,613. Compare house prices by area
Average property prices in Lichfield grew by 12.8% between the years ending June 2020 and June 2021. Between the years ending June 2011 and June 2021, property prices on average grew by 4.3% per year.
If prices in Lichfield continue to rise by 4.3% a year, the average property price will be £392,354 in 2025.
There were 1,630 property sales in Lichfield in the year ending June 2021, an increase of 186 when compared to the previous year.
The average price for a house in Lichfield ranges from £225,163 for a terraced house to £462,209 for a detached house, with semi-detached in between costing on average £252,255.
The average price for a flat or maisonette in Lichfield is £173,269.
Price trends for small areas may be less statistically significant due to small sample sizes.
Of the property types in Lichfield, detached house prices have risen the most between the years ending 2011 and 2021, and flat prices have grown the least.
Detached house prices have risen 48.3% from £311,773 to £462,209, semi-detached house prices have risen 46.9% from £171,664 to £252,255, terraced house prices have risen 45.3% from £154,971 to £225,163, and flat prices have risen 21.4% from £142,682 to £173,269.
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The most common type of property sold in Lichfield during the year ending June 2021 was detached houses, which accounted for 43.1% of properties.
The least commonly available type of property sold in Lichfield were flats, which account for 7.3% of properties sold.
Of the properties sold in Lichfield during 2021, 2.7% were new build properties.
The average price paid for a new build property in Lichfield was £30,444 lower than the average price paid for an existing property.
Of the new build properties sold, the most common type was detached houses (50% of new build properties sold). For existing properties, the most common type is detached houses (42% of existing properties sold).
The most common price band for property sales in Lichfield is £200k - £300k, which accounted for 20.2% of properties sold in 2021.
1.5% of properties in Lichfield had a price over £1 million. For comparison, in England, 2.1% of property sales were priced at over £1 million.
The cheapest properties in Lichfield were in the £50k - £100k price bracket, accounting for 0.9% of sales.
Average property price
YoY change in price
Average Property Price
YoY CHANGE in PRICE
Source: Office for National Statistics licensed under the Open Government Licence v.3.0. Contains OS data © Crown copyright and database right 2021. Data sources: ONS Local statistics