3, OAK LANE, BICTON HEATH, SHREWSBURY, SY3 5BW - £289,995

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.

3 OAK LANE is a small detached house of 105m², built sometime between 1996 and 2002, which could now be worth an estimated £378,197. It was last sold for £289,995 in February 2019, which was around 9% below the average February 2019 detached price in the Shropshire local authority area. The most recent EPC inspection was November 2018, where the current energy rating was D, and the potential energy rating was B.

3 OAK LANE Sold Prices

Land registry data shows three sales for 3 OAK LANE 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 3 OAK LANE 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 15 FEB	£289,995	£319,967	9% below HPI
2003 12 DEC	£185,000	£213,110	13% below HPI
1997 27 JUN	£83,000	£92,154	10% below HPI

3 OAK 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 three 3 OAK LANE sales between June 1997 and February 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 December 2003 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the February 2019 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might 3 OAK LANE be worth now?

3 OAK LANE might now be worth an estimated £378,197.

This is based on house price inflation of 30.4%, between February 2019 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 30.4% inflationary increase is applied to the most recent sale price for 3 OAK LANE of £289,995 on 15th February 2019. For the value to have increased from £289,995 to £378,197 over the six years to February 2025, the following assumptions must hold true:

• The value of 3 OAK LANE has moved in line with the HPI for detached houses in the Shropshire local authority area.
• The February 2019 sale price of £289,995 represented a fair market value for the property.
• The size, condition, and specification of 3 OAK LANE has not materially changed since February 2019.

How Large is 3 OAK LANE?

3 OAK LANE is 105m² according to the EPC inspection conducted in November 2018. This puts it in the smallest 40% of detached houses houses in Shrewsbury, based on EPC data. The below chart shows the distribution of detached houses houses by size in Shrewsbury, and where 3 OAK LANE lies on this distribution: 36% of detached houses houses are smaller than 3 OAK LANE, and 63% of houses are larger. Note that EPC data is not available for all properties in Shrewsbury.

3 OAK LANE: Plot and Title Map

3 OAK LANE sits on a plot of roughly 0.116 of an acre, or 468m². The below map shows the location of 3 OAK 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 3 OAK 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 3 OAK LANE?

3 OAK LANE is located in BICTON HEATH, in the SY3 postcode district. The below map shows the position of No. 3 on OAK LANE.