1, CEDAR CLOSE, ALVELEY, BRIDGNORTH, WV15 6JY - £245,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 CEDAR CLOSE is a small detached house of 82m², built sometime between 1967 and 1975. It was last sold for £245,000 in September 2020, which was around 25% below the average September 2020 detached price in the Shropshire local authority area. The most recent EPC inspection was July 2020, where the current energy rating was D, and the potential energy rating was B.

1 CEDAR CLOSE Sold Prices

Land registry data shows two sales for 1 CEDAR CLOSE 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 1 CEDAR 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
2020 24 SEP	£245,000	£325,117	25% below HPI
1997 28 NOV	£82,500	£94,548	13% below HPI

1 CEDAR CLOSE 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 1 CEDAR CLOSE sales from November 1997 and September 2020 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 1997 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the September 2020 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 1 CEDAR CLOSE?

1 CEDAR CLOSE is 82m² according to the EPC inspection conducted in July 2020. This puts it in the smallest 30% of detached houses in Alveley, based on EPC data. The below chart shows the distribution of detached houses by size in Alveley, and where 1 CEDAR CLOSE lies on this distribution: 27% of detached houses are smaller than 1 CEDAR CLOSE, and 72% of houses are larger. Note that EPC data is not available for all properties in Alveley.

1 CEDAR CLOSE: Plot and Title Map

1 CEDAR CLOSE sits on a plot of roughly 0.148 of an acre, or 600m². The below map shows the location of 1 CEDAR 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 1 CEDAR 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 1 CEDAR CLOSE?

1 CEDAR CLOSE is located in ALVELEY, in the WV15 postcode district. The below map shows the position of No. 1 on CEDAR CLOSE.