11, CHERRY BANK, HIGHLEY, BRIDGNORTH, WV16 6NT - £175,000

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.

11 CHERRY BANK is a very small detached house of 62m², built sometime between 1967 and 1975, which could now be worth an estimated £246,676. It was last sold for £175,000 in March 2017, which was around 42% below the average March 2017 detached price in the Shropshire local authority area. The most recent EPC inspection was July 2015, where the current energy rating was D, and the potential energy rating was B.

11 CHERRY BANK Sold Prices

Land registry data shows two sales for 11 CHERRY BANK 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 11 CHERRY BANK 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
2017 30 MAR	£175,000	£299,166	42% below HPI
2000 12 MAY	£85,000	£117,782	28% below HPI

11 CHERRY BANK 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 11 CHERRY BANK sales from May 2000 and March 2017 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 May 2000 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the March 2017 sale, where it falls to 42% below the HPI. The line then continues to track at 42% below the HPI.

What might 11 CHERRY BANK be worth now?

11 CHERRY BANK might now be worth an estimated £246,676.

This is based on house price inflation of 41%, between March 2017 and March 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 41% inflationary increase is applied to the most recent sale price for 11 CHERRY BANK of £175,000 on 30th March 2017. For the value to have increased from £175,000 to £246,676 over the eight years to March 2025, the following assumptions must hold true:

• The value of 11 CHERRY BANK has moved in line with the HPI for detached houses in the Shropshire local authority area.
• The March 2017 sale price of £175,000 represented a fair market value for the property.
• The size, condition, and specification of 11 CHERRY BANK has not materially changed since March 2017.

How Large is 11 CHERRY BANK?

11 CHERRY BANK is 62m² according to the EPC inspection conducted in July 2015. This puts it in the smallest 10% of detached houses houses in Highley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Highley, and where 11 CHERRY BANK lies on this distribution: 4% of detached houses houses are smaller than 11 CHERRY BANK, and 96% of houses are larger. Note that EPC data is not available for all properties in Highley.

11 CHERRY BANK: Plot and Title Map

11 CHERRY BANK sits on a plot of roughly 0.074 of an acre, or 301m². The below map shows the location of 11 CHERRY BANK, 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 11 CHERRY BANK). 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 11 CHERRY BANK?

11 CHERRY BANK is located in HIGHLEY, in the WV16 postcode district. The below map shows the position of No. 11 on CHERRY BANK.