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George Lane, Lichfield WS13 - Image 1
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George Lane, Lichfield WS13

West Midlands

£175,000
Listed on 15/12/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This is a unique opportunity to acquire a parcel of land located in the vibrant centre of Lichfield. The site spans approximately 145 square meters (1500 sq ft) and benefits from existing planning permission for the construction of a one-bedroom dormer bungalow, complete with designated parking and a garden area. Additionally, the land offers flexibility for various uses, such as a builder's yard or car sales lot, subject to planning permission. The necessary planning conditions have already been addressed, making this an attractive prospect for investors looking to develop or lease out the space for diverse purposes. For more detailed planning documents, refer to Lichfield Council's planning page under reference: 22/00028/ful.

Investment Analysis

(WS13 area)
Area Average
£328/sq ft
Avg Rent (weekly)
£266
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £75,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
39
Average per month
Market Turnover
26%
Properties sold annually

Local Market Trend (WS13)

Area prices are falling by +2.6% over the last 12 months
3 year growth: 5.3%
5 year growth: 10.1%
Investment Disclaimer: Analysis based on WS13 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

George Lane, Lichfield WS13
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£641
Based on a loan of £131,250 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE