3, PARK ROAD, MUCH WENLOCK, TF13 6JH - £350,000

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.

3 PARK ROAD is a large extended detached house of 143m², built sometime between 1976 and 1982, which could now be worth an estimated £474,175. It was last sold for £350,000 in February 2018, which was around 14% above the average February 2018 detached price in the Shropshire local authority area. The most recent EPC inspection was October 2020, where the current energy rating was B, and the potential energy rating was B.

3 PARK ROAD Sold Prices

Land registry data shows three sales for 3 PARK ROAD 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. One of the three 3 PARK ROAD sales was for above the average price, whilst two 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
2018 19 FEB	£350,000	£308,008	14% above HPI
2010 26 AUG	£255,000	£265,601	4% below HPI
1999 19 FEB	£89,000	£103,869	14% below HPI

3 PARK ROAD 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 PARK ROAD sales between February 1999 and February 2018 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 August 2010 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the February 2018 sale, where it rises to 14% above the HPI. The line then continues to track at 14% above the HPI.

What might 3 PARK ROAD be worth now?

3 PARK ROAD might now be worth an estimated £474,175.

This is based on house price inflation of 35.5%, between February 2018 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 35.5% inflationary increase is applied to the most recent sale price for 3 PARK ROAD of £350,000 on 19th February 2018. For the value to have increased from £350,000 to £474,175 over the seven years to February 2025, the following assumptions must hold true:

• The value of 3 PARK ROAD has moved in line with the HPI for detached houses in the Shropshire local authority area.
• The February 2018 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of 3 PARK ROAD has not materially changed since February 2018.

How Large is 3 PARK ROAD?

3 PARK ROAD is 143m², which includes one extension, according to the EPC inspection conducted in October 2020. This puts it in the largest 40% of detached houses houses in Much Wenlock, based on EPC data. The below chart shows the distribution of detached houses houses by size in Much Wenlock, and where 3 PARK ROAD lies on this distribution: 65% of detached houses houses are smaller than 3 PARK ROAD, and 35% of houses are larger. Note that EPC data is not available for all properties in Much Wenlock.

3 PARK ROAD: Plot and Title Map

3 PARK ROAD sits on a plot of roughly 0.079 of an acre, or 318m². The below map shows the location of 3 PARK ROAD, 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 PARK ROAD). 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 PARK ROAD?

3 PARK ROAD is located in MUCH WENLOCK, in the TF13 postcode district. The below map shows the position of No. 3 on PARK ROAD.