1, THE LEA, ALVELEY, BRIDGNORTH, WV15 6PS - £290,000

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.

1 THE LEA is a midsized extended detached house of 103m², built sometime between 1950 and 1966, which could now be worth an estimated £304,185. It was last sold for £290,000 in June 2024, which was around 27% below the average June 2024 detached price in the Shropshire local authority area. The most recent EPC inspection was October 2023, where the current energy rating was D, and the potential energy rating was C.

1 THE LEA Sold Prices

Land registry data shows three sales for 1 THE LEA since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Shropshire local authority area for the corresponding sale date. All of the three 1 THE LEA 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
2024 5 JUN	£290,000	£397,826	27% below HPI
2013 29 JUL	£230,000	£259,687	11% below HPI
1998 30 APR	£70,500	£95,575	26% below HPI

1 THE LEA 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 three 1 THE LEA sales between April 1998 and June 2024 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 July 2013 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the June 2024 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 1 THE LEA be worth now?

1 THE LEA might now be worth an estimated £304,185.

This is based on house price inflation of 4.9%, between June 2024 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 4.9% inflationary increase is applied to the most recent sale price for 1 THE LEA of £290,000 on 5th June 2024. For the value to have increased from £290,000 to £304,185 over the one year and four months to February 2025, the following assumptions must hold true:

• The value of 1 THE LEA has moved in line with the HPI for detached houses in the Shropshire local authority area.
• The June 2024 sale price of £290,000 represented a fair market value for the property.
• The size, condition, and specification of 1 THE LEA has not materially changed since June 2024.

How Large is 1 THE LEA?

1 THE LEA is 103m², which includes one extension, according to the EPC inspection conducted in October 2023. This puts it in the largest 50% of detached houses houses in Alveley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Alveley, and where 1 THE LEA lies on this distribution: 52% of detached houses houses are smaller than 1 THE LEA, and 44% of houses are larger. Note that EPC data is not available for all properties in Alveley.

1 THE LEA: Plot and Title Map

1 THE LEA sits on a plot of roughly 0.091 of an acre, or 367m². The below map shows the location of 1 THE LEA, 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 THE LEA). 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 THE LEA?

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