SPRINGBANK, WORTHEN, SHREWSBURY, SY5 9HT - £505,000

SPRINGBANK is a very large extended detached house of 186m², built sometime between 1976 and 1982. It was last sold for £505,000 in September 2021, which was around 47% above the average September 2021 detached price in the Shropshire local authority area. The most recent EPC inspection was September 2012, where the current energy rating was D, and the potential energy rating was B.

SPRINGBANK Sold Prices

Land registry data shows two sales for SPRINGBANK 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 SPRINGBANK 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
2021 10 SEP	£505,000	£344,438	47% above HPI
2011 21 OCT	£337,500	£253,642	33% above HPI

SPRINGBANK 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 SPRINGBANK sales from October 2011 and September 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 October 2011 sale was for 33% above the HPI. So the extrapolation line tracks at 33% above the HPI over time, until the September 2021 sale, where it rises to 47% above the HPI. The line then continues to track at 47% above the HPI.

How Large is SPRINGBANK?

SPRINGBANK is 186m², which includes one extension, according to the EPC inspection conducted in September 2012. This puts it in the largest 10% of detached houses in Worthen, based on EPC data. The below chart shows the distribution of detached houses by size in Worthen, and where SPRINGBANK lies on this distribution: 93% of detached houses are smaller than SPRINGBANK, and 7% of houses are larger. Note that EPC data is not available for all properties in Worthen.

SPRINGBANK: Plot and Title Map

SPRINGBANK sits on a plot of roughly 0.265 of an acre, or 1,072m². The below map shows the location of SPRINGBANK, 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 SPRINGBANK). 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 SPRINGBANK?

SPRINGBANK is located in WORTHEN, in the SY5 postcode district. The below map shows the position of SPRINGBANK in WORTHEN.