1, LAPWORTH CLOSE, REDDITCH, B98 7RJ - £232,000

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.

1 LAPWORTH CLOSE is a very small extended detached house of 80m², built sometime between 1950 and 1966, which could now be worth an estimated £308,684. It was last sold for £232,000 in March 2017, which was around 22% below the average March 2017 detached price in the Redditch local authority area. The most recent EPC inspection was May 2012, where the current energy rating was D, and the potential energy rating was B.

1 LAPWORTH CLOSE Sold Prices

Land registry data shows three sales for 1 LAPWORTH CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Redditch local authority area for the corresponding sale date. All of the three 1 LAPWORTH CLOSE sales were for below 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
2017 31 MAR	£232,000	£296,210	22% below HPI
2002 4 OCT	£110,000	£173,609	37% below HPI
2002 4 OCT	£110,000	£173,609	37% below HPI

What might 1 LAPWORTH CLOSE be worth now?

1 LAPWORTH CLOSE might now be worth an estimated £308,684.

This is based on house price inflation of 33.1%, between March 2017 and May 2026, for detached houses, in the Redditch local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 33.1% inflationary increase is applied to the most recent sale price for 1 LAPWORTH CLOSE of £232,000 on 31st March 2017. For the value to have increased from £232,000 to £308,684 over the eight years and ten months to May 2026, the following assumptions must hold true:

• The value of 1 LAPWORTH CLOSE has moved in line with the HPI for detached houses in the Redditch local authority area.
• The March 2017 sale price of £232,000 represented a fair market value for the property.
• The size, condition, and specification of 1 LAPWORTH CLOSE has not materially changed since March 2017.

How Large is 1 LAPWORTH CLOSE?

1 LAPWORTH CLOSE is 80m², which includes one extension, according to the EPC inspection conducted in May 2012. This puts it in the smallest 20% of detached houses in Redditch, based on EPC data. The below chart shows the distribution of detached houses by size in Redditch, and where 1 LAPWORTH CLOSE lies on this distribution: 12% of detached houses are smaller than 1 LAPWORTH CLOSE, and 87% of detached houses are larger. Note that EPC data is not available for all properties in Redditch.

1 LAPWORTH CLOSE: Plot

1 LAPWORTH CLOSE sits on a plot of roughly 0.059 of an acre, or 240m².

Where is 1 LAPWORTH CLOSE?

1 LAPWORTH CLOSE is located in REDDITCH, in the B98 postcode district.