WOOD LODGE, HOMER, MUCH WENLOCK, TF13 6NJ - £380,000

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.

WOOD LODGE is a large detached house of 161m², built sometime between 1983 and 1990, which could now be worth an estimated £584,853. It was last sold for £380,000 in November 2014, which was around 40% above the average November 2014 detached price in the Shropshire local authority area. The most recent EPC inspection was June 2014, where the current energy rating was D, and the potential energy rating was B.

WOOD LODGE Sold Prices

Land registry data shows two sales for WOOD LODGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Shropshire local authority area for the corresponding sale date. Both of the two WOOD LODGE 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
2014 21 NOV	£380,000	£271,125	40% above HPI
1996 9 FEB	£165,000	£83,784	97% above HPI

WOOD LODGE 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 two WOOD LODGE sales from February 1996 and November 2014 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 February 1996 sale was for 97% above the HPI. So the extrapolation line tracks at 97% above the HPI over time, until the November 2014 sale, where it falls to 40% above the HPI. The line then continues to track at 40% above the HPI.

What might WOOD LODGE be worth now?

WOOD LODGE might now be worth an estimated £584,853.

This is based on house price inflation of 53.9%, between November 2014 and February 2025, 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 53.9% inflationary increase is applied to the most recent sale price for WOOD LODGE of £380,000 on 21st November 2014. For the value to have increased from £380,000 to £584,853 over the eleven years and nine months to February 2025, the following assumptions must hold true:

• The value of WOOD LODGE has moved in line with the HPI for detached houses in the Shropshire local authority area.
• The November 2014 sale price of £380,000 represented a fair market value for the property.
• The size, condition, and specification of WOOD LODGE has not materially changed since November 2014.

How Large is WOOD LODGE?

WOOD LODGE is 161m² according to the EPC inspection conducted in June 2014. This puts it in the largest 30% 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 WOOD LODGE lies on this distribution: 70% of detached houses houses are smaller than WOOD LODGE, and 30% of houses are larger. Note that EPC data is not available for all properties in Homer.

WOOD LODGE: Plot and Title Map

WOOD LODGE sits on a plot of roughly 1.4 acres, or 5,752m². The below map shows the location of WOOD LODGE, 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 WOOD LODGE). 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 WOOD LODGE?

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