16, LACON CLOSE, CLEOBURY MORTIMER, KIDDERMINSTER, DY14 8EF - £171,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

16 LACON CLOSE is a very small semi-detached house of 63m², built sometime between 1976 and 1982, which could now be worth an estimated £211,671. It was last sold for £171,500 in May 2021, which was around 19% below the average May 2021 semi-detached price in the Shropshire local authority area. The most recent EPC inspection was November 2016, where the current energy rating was E, and the potential energy rating was B.

16 LACON CLOSE Sold Prices

Land registry data shows two sales for 16 LACON CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Shropshire local authority area for the corresponding sale date. Both of the two 16 LACON 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 28 MAY	£171,500	£210,981	19% below HPI
2003 14 NOV	£95,000	£125,349	24% below HPI

16 LACON CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Shropshire local authority area over time, sourced from the HPI. The two 16 LACON CLOSE sales from November 2003 and May 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 2003 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the May 2021 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 16 LACON CLOSE be worth now?

16 LACON CLOSE might now be worth an estimated £211,671.

This is based on house price inflation of 23.4%, between May 2021 and December 2024, for semi-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 23.4% inflationary increase is applied to the most recent sale price for 16 LACON CLOSE of £171,500 on 28th May 2021. For the value to have increased from £171,500 to £211,671 over the two years and five months to December 2024, the following assumptions must hold true:

• The value of 16 LACON CLOSE has moved in line with the HPI for semi-detached houses in the Shropshire local authority area.
• The May 2021 sale price of £171,500 represented a fair market value for the property.
• The size, condition, and specification of 16 LACON CLOSE has not materially changed since May 2021.

How Large is 16 LACON CLOSE?

16 LACON CLOSE is 63m² according to the EPC inspection conducted in November 2016. This puts it in the smallest 10% of semi-detached houses houses in Cleobury Mortimer, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Cleobury Mortimer, and where 16 LACON CLOSE lies on this distribution: 7% of semi-detached houses houses are smaller than 16 LACON CLOSE, and 93% of houses are larger. Note that EPC data is not available for all properties in Cleobury Mortimer.

16 LACON CLOSE: Plot and Title Map

16 LACON CLOSE sits on a plot of roughly 0.042 of an acre, or 169m². The below map shows the location of 16 LACON 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 16 LACON 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 16 LACON CLOSE?

16 LACON CLOSE is located in CLEOBURY MORTIMER, in the DY14 postcode district. The below map shows the position of No. 16 on LACON CLOSE.