15, PARK LANE, SHIFNAL, TF11 9HD - £514,000

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

15 PARK LANE is a very large extended detached house of 198m², built sometime between 1996 and 2002. It was last sold for £514,000 in May 2016, which was around 85% above the average May 2016 detached price in the Shropshire local authority area. The most recent EPC inspection was April 2016, where the current energy rating was D, and the potential energy rating was C.

15 PARK LANE Sold Prices

Land registry data shows four sales for 15 PARK LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Shropshire local authority area for the corresponding sale date. The four 15 PARK LANE sales were a mix of above the average price, and roughly equal to 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
2016 5 MAY	£514,000	£278,524	85% above HPI
2000 9 JUN	£245,000	£119,041	106% above HPI
1998 27 MAR	£245,000	£93,597	162% above HPI
1995 27 JAN	£80,000	£79,668	Close to HPI

15 PARK LANE 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 four 15 PARK LANE sales between January 1995 and May 2016 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 June 2000 sale was for 106% above the HPI. So the extrapolation line tracks at 106% above the HPI over time, until the May 2016 sale, where it falls to 85% above the HPI. The line then continues to track at 85% above the HPI.

How Large is 15 PARK LANE?

15 PARK LANE is 198m², which includes two extensions, according to the EPC inspection conducted in April 2016. This puts it in the largest 10% of detached houses in Shifnal, based on EPC data. The below chart shows the distribution of detached houses by size in Shifnal, and where 15 PARK LANE lies on this distribution: 98% of detached houses are smaller than 15 PARK LANE, and 2% of houses are larger. Note that EPC data is not available for all properties in Shifnal.

15 PARK LANE: Plot and Title Map

15 PARK LANE sits on a plot of roughly 0.297 of an acre, or 1,202m². The below map shows the location of 15 PARK LANE, 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 15 PARK LANE). 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 15 PARK LANE?

15 PARK LANE is located in SHIFNAL, in the TF11 postcode district. The below map shows the position of No. 15 on PARK LANE.