1, DISCOVERY CLOSE, CRAVEN ARMS, SY7 9EJ - £385,000

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 DISCOVERY CLOSE is a very large detached house of 173m², built sometime between 2003 and 2006. It was last sold for £385,000 in May 2014, which was around 48% above the average May 2014 detached price in the Shropshire local authority area. The most recent EPC inspection was June 2024, where the current energy rating was C, and the potential energy rating was B.

1 DISCOVERY CLOSE Sold Prices

Land registry data shows two sales for 1 DISCOVERY 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 DISCOVERY CLOSE 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 15 MAY	£385,000	£259,575	48% above HPI
2004 29 APR	£286,500	£215,212	33% above HPI

1 DISCOVERY 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 DISCOVERY CLOSE sales from April 2004 and May 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 April 2004 sale was for 33% above the HPI. So the extrapolation line tracks at 33% above the HPI over time, until the May 2014 sale, where it rises to 48% above the HPI. The line then continues to track at 48% above the HPI.

How Large is 1 DISCOVERY CLOSE?

1 DISCOVERY CLOSE is 173m² according to the EPC inspection conducted in June 2024. This puts it in the largest 10% of detached houses in Craven Arms, based on EPC data. The below chart shows the distribution of detached houses by size in Craven Arms, and where 1 DISCOVERY CLOSE lies on this distribution: 91% of detached houses are smaller than 1 DISCOVERY CLOSE, and 9% of houses are larger. Note that EPC data is not available for all properties in Craven Arms.

1 DISCOVERY CLOSE: Plot and Title Map

1 DISCOVERY CLOSE sits on a plot of roughly 0.722 of an acre, or 2,923m². The below map shows the location of 1 DISCOVERY 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 DISCOVERY 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 DISCOVERY CLOSE?

1 DISCOVERY CLOSE is located in CRAVEN ARMS, in the SY7 postcode district. The below map shows the position of No. 1 on DISCOVERY CLOSE.