According to the public record, 28, Lapwood Drive, Shrewsbury is a modern leasehold apartment with 419 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Lapwood Drive, Shrewsbury, SY1 is located within the SY1 postal district.
28, Lapwood Drive, Shrewsbury has 41 entries in the Land Registry database, most recently in November 2007 and a single entry in the EPC database dated September 2019.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 28 Lapwood Drive Shrewsbury as £124,610 and the rental value as £585 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of 28 Lapwood Drive Shrewsbury has decreased by £2 (0.0%) and its rental value has increased by £4 per month (0.6%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 28, Lapwood Drive, Shrewsbury is in very good condition we estimate a sale value of £130,840 and rental value of £614 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £115,887 and a rental value of £544 per month.
If you were able to purchase this property for the estimated value of £124,610, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £612 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 28, Lapwood Drive, Shrewsbury was last sold on 30 Nov 2007 for £105,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Nov 2007, the market for similar properties has risen 19.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 28, Lapwood Drive, Shrewsbury within a radius of 800 metres over the last 2 years.
The most recent example is 52, Coldridge Drive, Shrewsbury, SY1 3YT, a Leasehold flat which sold for £125,000 in Apr 2023.
Read more about house prices in SY1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lapwood Drive, Shrewsbury, SY1 has a total of 17 addresses. According to our analysis of all the public data, 28, Lapwood Drive, Shrewsbury is the 17th largest and the 17th most expensive property on the street.
When compared to the postcode district it is £102k less expensive than the average property in SY1.
28, Lapwood Drive, Shrewsbury has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 27 Sep 2019.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to 28, Lapwood Drive, Shrewsbury is Shrewsbury station which is 1.8 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 28, Lapwood Drive, Shrewsbury, 37.9% of property is privately owned with a mortgage and 36.4% is privately owned outright.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 28, Lapwood Drive, Shrewsbury, 15.4% of residents are recorded as possessing school level qualifications and 38.1% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 28, Lapwood Drive, Shrewsbury, the average age was 45.9 and the most common age was 57.
The graph below shows how this compares to West Midlands and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 28, Lapwood Drive, Shrewsbury, 0.6% of property was a second home.
Comparison figures for West Midlands and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 28, Lapwood Drive, Shrewsbury, there are an average of 1.6 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.