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

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

2 THE BANK is a midsized detached house of 107m², built sometime between 1983 and 1990. It was last sold for £240,000 in June 2017, which was around 17% 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	£289,363	17% below HPI
2009 22 DEC	£191,000	£250,389	24% below HPI
2003 18 JUL	£185,000	£195,413	5% 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 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the June 2017 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

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 in Dorrington, based on EPC data. The below chart shows the distribution of detached houses by size in Dorrington, and where 2 THE BANK lies on this distribution: 44% of detached 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.