2, THE BANK, DORRINGTON, SHREWSBURY, SY5 7JJ - £240,000

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.

2 THE BANK is a midsized detached house of 107m², built sometime between 1983 and 1990, which could now be worth an estimated £336,694. It was last sold for £240,000 in June 2017, which was around 19% below the average June 2017 detached price in the Shropshire local authority area. The most recent EPC inspection was July 2016, where the current energy rating was D, and the potential energy rating was B.

2 THE BANK Sold Prices

Land registry data shows three sales for 2 THE BANK 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 2 THE 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 29 JUN	£240,000	£297,446	19% below HPI
2009 22 DEC	£191,000	£257,383	26% below HPI
2003 18 JUL	£185,000	£200,871	8% below HPI

2 THE 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 three 2 THE BANK sales between July 2003 and June 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 December 2009 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the June 2017 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 2 THE BANK be worth now?

2 THE BANK might now be worth an estimated £336,694.

This is based on house price inflation of 40.3%, between June 2017 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 40.3% inflationary increase is applied to the most recent sale price for 2 THE BANK of £240,000 on 29th June 2017. For the value to have increased from £240,000 to £336,694 over the eight years and four months to February 2025, the following assumptions must hold true:

• The value of 2 THE BANK has moved in line with the HPI for detached houses in the Shropshire local authority area.
• The June 2017 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 2 THE BANK has not materially changed since June 2017.

How Large is 2 THE BANK?

2 THE BANK is 107m² according to the EPC inspection conducted in July 2016. This puts it in the smallest 50% of detached houses houses in Dorrington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Dorrington, and where 2 THE BANK lies on this distribution: 44% of detached houses houses are smaller than 2 THE BANK, and 56% of houses are larger. Note that EPC data is not available for all properties in Dorrington.

2 THE BANK: Plot and Title Map

2 THE BANK sits on a plot of roughly 0.075 of an acre, or 303m². The below map shows the location of 2 THE 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 2 THE 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 2 THE BANK?

2 THE BANK is located in DORRINGTON, in the SY5 postcode district. The below map shows the position of No. 2 on THE BANK.