2, THE OLD SCHOOL, VICARAGE ROAD, SHREWSBURY, SY3 9EZ - £480,000

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 OLD SCHOOL is a large detached house of 124m², built sometime before 1900. It was last sold for £480,000 in October 2022, which was around 22% above the average October 2022 detached price in the Shropshire local authority area. The most recent EPC inspection was May 2022, where the current energy rating was C, and the potential energy rating was B.

2 THE OLD SCHOOL Sold Prices

Land registry data shows three sales for 2 THE OLD SCHOOL 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. Two of the three 2 THE OLD SCHOOL sales were for above the average price, whilst one was 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
2022 14 OCT	£480,000	£393,330	22% above HPI
2020 14 DEC	£285,000	£335,787	15% below HPI
1996 28 MAY	£89,000	£81,974	9% above HPI

2 THE OLD SCHOOL 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 OLD SCHOOL sales between May 1996 and October 2022 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 2020 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the October 2022 sale, where it rises to 22% above the HPI. The line then continues to track at 22% above the HPI.

How Large is 2 THE OLD SCHOOL?

2 THE OLD SCHOOL is 124m² according to the EPC inspection conducted in May 2022. This puts it in the largest 40% of detached houses in Shrewsbury, based on EPC data. The below chart shows the distribution of detached houses by size in Shrewsbury, and where 2 THE OLD SCHOOL lies on this distribution: 61% of detached houses are smaller than 2 THE OLD SCHOOL, and 38% of houses are larger. Note that EPC data is not available for all properties in Shrewsbury.

2 THE OLD SCHOOL: Plot and Title Map

2 THE OLD SCHOOL sits on a plot of roughly 0.072 of an acre, or 293m². The below map shows the location of 2 THE OLD SCHOOL, 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 OLD SCHOOL). 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 OLD SCHOOL?

2 THE OLD SCHOOL is located on VICARAGE ROAD in SHREWSBURY, in the SY3 postcode district. The below map shows the position of 2 THE OLD SCHOOL on VICARAGE ROAD.