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Fradley House Prices Fradley House Prices

The average house price in Fradley is £250,000 using HM Land Registry data.

The average property price increased by £122,723 (44.34%) over the last 5 years and increased by £24,527 (6.54%) over the last 12 months.

Over the last year, there were 32 residential property sales – a decrease of 104 transactions (-325.00%) relative to the previous year. The majority of house sales (8) were in the £240,000 - £296,000 range. Then came properties in the £296,000 - £352,000 range, where 7 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 56 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,905 (-2%).

In April 2024, there were 19 new estate agency instructions, 6 agreed home sales and 6 property price reductions.

Postcodes Covered: DE13, WS13

5-Year Average Property Prices in Fradley

44.34%

Property prices in Fradley increased by 44.34% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in Fradley Over the Last Year

6.54%

Property prices in Fradley increased by 6.54% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for Fradley - April 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date).Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in Fradley

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in Fradley

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in Fradley

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the Fradley since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Fradley area since 1995.

Recent Property Sales in Fradley

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
12 Paskin Close, Fradley, Lichfield, Staffordshire, WS13 8NZ£380,000£350,000-£30,00009 Sep 202315 Nov 202367 Days
17 Milne Avenue, Lichfield, Staffordshire, WS13 8SQ£420,000£420,000£0024 May 202331 Oct 2023160 Days
7 Hewitt Close, Fradley, Lichfield, Staffordshire, WS13 8TA£249,900£240,000-£9,90028 Mar 202320 Sep 2023176 Days
21 Williams Avenue, Fradley, Lichfield, Staffordshire, WS13 8TE£300,000£295,000-£5,00014 Mar 202318 Sep 2023188 Days
124 Worthington Road, Lichfield, Staffordshire, WS13 8PG£230,000£225,000-£5,00028 Feb 202314 Sep 2023198 Days
56 Statfold Lane, Fradley, Lichfield, Staffordshire, WS13 8NY£350,000£345,000-£5,00007 Dec 202201 Sep 2023268 Days
4 Willow Close, Lichfield, Staffordshire, WS13 8RW£650,000£650,000£0031 Mar 202321 Aug 2023143 Days
5 Mitchell Close, Lichfield, Staffordshire, WS13 8SL£350,000£338,000-£12,00028 Feb 202318 Aug 2023171 Days
7 Paskin Close, Fradley, Lichfield, Staffordshire, WS13 8NZ£475,000£467,500-£7,50016 May 202321 Jul 202366 Days
Meadow View, The Moor, Lichfield, Staffordshire, WS13 8PP£600,000£600,000£0024 Mar 202314 Jul 2023112 Days
23 Jackman Road, Lichfield, Staffordshire, WS13 8PF£325,000£315,000-£10,00024 Feb 202330 Jun 2023126 Days
31 Williams Avenue, Fradley, Lichfield, Staffordshire, WS13 8TE£285,000£285,000£0013 Feb 202327 Jun 2023134 Days
15 Horner Avenue, Fradley, Lichfield, Staffordshire, WS13 8TR£425,000£417,000-£8,00027 Oct 202214 Jun 2023230 Days
12 Barlow Drive, Fradley, Lichfield, Staffordshire, WS13 8TL£450,000£420,000-£30,00006 Nov 202226 May 2023201 Days
1 Thorpe Drive, Fradley, Lichfield, Staffordshire, WS13 8RN£950,000£935,000-£15,00001 Oct 202210 May 2023221 Days
63 Common Lane, Fradley, Lichfield, Staffordshire, WS13 8TG£425,000£400,000-£25,00018 Nov 202214 Apr 2023147 Days
5 Edwards Farm Road, Fradley, Lichfield, Staffordshire, WS13 8NR£375,000£375,000£0028 Oct 202220 Mar 2023143 Days
5 Denyer Court, Fradley, Lichfield, Staffordshire, WS13 8TQ£515,000£497,000-£18,00017 Mar 202223 Jan 2023312 Days
47 Wyndham Wood Close, Fradley, Lichfield, Staffordshire, WS13 8UZ£240,000£235,000-£5,00007 Jun 202216 Dec 2022192 Days
5 Fletcher Drive, Lichfield, Staffordshire, WS13 8TH£500,000£497,500-£2,50017 Jun 202202 Dec 2022168 Days

Most Expensive Streets in Fradley

PostcodeStreetAreaAverageNo. of Sales
WS13 8PLDumore Hay LaneLichfield£650,7147
WS13 8RWWillow CloseLichfield£575,6666
WS13 8NNChurch LaneFradley£526,6663
WS13 8NREdwards Farm RoadFradley£490,8336
WS13 8ZDOakden CrescentFradley£482,09522
WS13 8UPMcalister RowFradley£474,9965
WS13 8XJCharlwood AvenueFradley£462,3975
WS13 8XBSharpe CloseFradley£441,6653
WS13 8THFletcher DriveLichfield£435,8333
WS13 8TLBarlow DriveFradley£434,50011

Least Expensive Streets in Fradley

PostcodeStreetAreaAverageNo. of Sales
WS13 8GXLove LaneFradley£125,8003
WS13 8UAWatson CloseFradley£179,3333
WS13 8GZWishart DriveFradley£215,7549
WS13 8TPShaw DriveFradley£215,8754
WS13 8GWTye RoadFradley£220,45124
WS13 8TEWilliams AvenueFradley£232,18619
WS13 8XPChapman CloseFradley£234,1015
WS13 8SWLakin LaneFradley£240,4663
WS13 8TSWard CloseFradley£248,4758
WS13 8PERogerson RoadFradley£249,26615

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