LAPWOODS, HOMER, MUCH WENLOCK, TF13 6NE - £470,000

LAPWOODS is a midsized detached house of 127m², built sometime between 1967 and 1975. It was last sold for £470,000 in August 2021, which was around 35% above the average August 2021 detached price in the Shropshire local authority area. The most recent EPC inspection was August 2022, where the current energy rating was D, and the potential energy rating was C.

LAPWOODS Sold Prices

Land registry data shows three sales for LAPWOODS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Shropshire local authority area for the corresponding sale date. All of the three LAPWOODS sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2021 20 AUG	£470,000	£349,165	35% above HPI
2012 23 NOV	£320,000	£250,896	28% above HPI
2002 13 NOV	£250,000	£173,056	44% above HPI

LAPWOODS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Shropshire local authority area over time, sourced from the HPI. The three LAPWOODS sales between November 2002 and August 2021 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the November 2012 sale was for 28% above the HPI. So the extrapolation line tracks at 28% above the HPI over time, until the August 2021 sale, where it rises to 35% above the HPI. The line then continues to track at 35% above the HPI.

How Large is LAPWOODS?

LAPWOODS is 127m² according to the EPC inspection conducted in August 2022. This puts it in the smallest 50% of detached houses in Homer, based on EPC data. The below chart shows the distribution of detached houses by size in Homer, and where LAPWOODS lies on this distribution: 44% of detached houses are smaller than LAPWOODS, and 54% of houses are larger. Note that EPC data is not available for all properties in Homer.

LAPWOODS: Plot and Title Map

LAPWOODS sits on a plot of roughly 0.243 of an acre, or 982m². The below map shows the location of LAPWOODS, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of LAPWOODS). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is LAPWOODS?

LAPWOODS is located in HOMER, in the TF13 postcode district. The below map shows the position of LAPWOODS in HOMER.