14, LAKELOT CLOSE, WILLENHALL, WV12 4JX - £224,950

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.

14 LAKELOT CLOSE is a small detached house of 81m², which could now be worth an estimated £253,577. It was last sold for £224,950 in October 2021, which was around 26% below the average October 2021 detached price in the Walsall local authority area. The most recent EPC inspection was October 2019, where the current energy rating was B, and the potential energy rating was A.

14 LAKELOT CLOSE Sold Prices

Land registry data shows three sales for 14 LAKELOT 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 Walsall local authority area for the corresponding sale date. All of the three 14 LAKELOT 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
2021 20 OCT	£224,950	£302,382	26% below HPI
2021 30 SEP	£220,000	£298,709	26% below HPI
2014 19 DEC	£174,995	£209,783	17% below HPI

14 LAKELOT CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Walsall local authority area over time, sourced from the HPI. The three 14 LAKELOT CLOSE sales between December 2014 and October 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 September 2021 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the October 2021 sale, which was also at 26% below the HPI.

What might 14 LAKELOT CLOSE be worth now?

14 LAKELOT CLOSE might now be worth an estimated £253,577.

This is based on house price inflation of 12.7%, between October 2021 and February 2025, for detached houses, in the Walsall local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 12.7% inflationary increase is applied to the most recent sale price for 14 LAKELOT CLOSE of £224,950 on 20th October 2021. For the value to have increased from £224,950 to £253,577 over the four years and eight months to February 2025, the following assumptions must hold true:

• The value of 14 LAKELOT CLOSE has moved in line with the HPI for detached houses in the Walsall local authority area.
• The October 2021 sale price of £224,950 represented a fair market value for the property.
• The size, condition, and specification of 14 LAKELOT CLOSE has not materially changed since October 2021.

How Large is 14 LAKELOT CLOSE?

14 LAKELOT CLOSE is 81m² according to the EPC inspection conducted in October 2019. This puts it in the smallest 30% of detached houses houses in Willenhall, based on EPC data. The below chart shows the distribution of detached houses houses by size in Willenhall, and where 14 LAKELOT CLOSE lies on this distribution: 23% of detached houses houses are smaller than 14 LAKELOT CLOSE, and 76% of houses are larger. Note that EPC data is not available for all properties in Willenhall.

14 LAKELOT CLOSE: Plot and Title Map

14 LAKELOT CLOSE sits on a plot of roughly 0.060 of an acre, or 242m². The below map shows the location of 14 LAKELOT CLOSE, 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 14 LAKELOT CLOSE). 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 14 LAKELOT CLOSE?

14 LAKELOT CLOSE is located in WILLENHALL, in the WV12 postcode district. The below map shows the position of No. 14 on LAKELOT CLOSE.