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

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

LAPWOODS is a midsized detached house of 127m², built sometime between 1967 and 1975, which could now be worth an estimated £553,035. It was last sold for £470,000 in August 2021, which was around 31% 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	£358,918	31% above HPI
2012 23 NOV	£320,000	£257,904	24% above HPI
2002 13 NOV	£250,000	£177,890	41% 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 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the August 2021 sale, where it rises to 31% above the HPI. The line then continues to track at 31% above the HPI.

What might LAPWOODS be worth now?

LAPWOODS might now be worth an estimated £553,035.

This is based on house price inflation of 17.7%, between August 2021 and May 2026, for detached houses, in the Shropshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 17.7% inflationary increase is applied to the most recent sale price for LAPWOODS of £470,000 on 20th August 2021. For the value to have increased from £470,000 to £553,035 over the five years and three months to May 2026, the following assumptions must hold true:

• The value of LAPWOODS has moved in line with the HPI for detached houses in the Shropshire local authority area.
• The August 2021 sale price of £470,000 represented a fair market value for the property.
• The size, condition, and specification of LAPWOODS has not materially changed since August 2021.

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 houses in Homer, based on EPC data. The below chart shows the distribution of detached houses houses by size in Homer, and where LAPWOODS lies on this distribution: 40% of detached houses houses are smaller than LAPWOODS, and 55% 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.