2, THE LEA, ALVELEY, BRIDGNORTH, WV15 6PS - £260,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

2 THE LEA is a large extended detached house of 110m², built sometime between 1967 and 1975. It was last sold for £260,000 in August 2019, which was around 15% below the average August 2019 detached price in the Shropshire local authority area. The most recent EPC inspection was March 2019, where the current energy rating was C, and the potential energy rating was B.

2 THE LEA Sold Prices

Land registry data shows two sales for 2 THE LEA 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 2 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
2019 2 AUG	£260,000	£306,941	15% below HPI
2010 16 NOV	£162,500	£259,221	37% below HPI

2 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 two 2 THE LEA sales from November 2010 and August 2019 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 November 2010 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the August 2019 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 2 THE LEA?

2 THE LEA is 110m², which includes three extensions, according to the EPC inspection conducted in March 2019. This puts it in the largest 40% of detached houses in Alveley, based on EPC data. The below chart shows the distribution of detached houses by size in Alveley, and where 2 THE LEA lies on this distribution: 64% of detached houses are smaller than 2 THE LEA, and 35% of houses are larger. Note that EPC data is not available for all properties in Alveley.

2 THE LEA: Plot and Title Map

2 THE LEA sits on a plot of roughly 0.149 of an acre, or 604m². The below map shows the location of 2 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 2 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 2 THE LEA?

2 THE LEA is located in ALVELEY, in the WV15 postcode district. The below map shows the position of No. 2 on THE LEA.