3, ROCKLEY BANK, CLEOBURY MORTIMER, KIDDERMINSTER, DY14 8AP - £275,000

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 ROCKLEY BANK is a very small detached house of 65m², built sometime between 1967 and 1975, which could now be worth an estimated £286,005. It was last sold for £275,000 in August 2023, which was around 31% below the average August 2023 detached price in the Shropshire local authority area. The most recent EPC inspection was July 2017, where the current energy rating was E, and the potential energy rating was C.

3 ROCKLEY BANK Sold Prices

Land registry data shows three sales for 3 ROCKLEY 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 3 ROCKLEY 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
2023 29 AUG	£275,000	£401,228	31% below HPI
2018 9 MAR	£235,000	£309,466	24% below HPI
1998 8 JUN	£72,000	£98,938	27% below HPI

3 ROCKLEY 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 3 ROCKLEY BANK sales between June 1998 and August 2023 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 March 2018 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the August 2023 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 3 ROCKLEY BANK be worth now?

3 ROCKLEY BANK might now be worth an estimated £286,005.

This is based on house price inflation of 4%, between August 2023 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 4% inflationary increase is applied to the most recent sale price for 3 ROCKLEY BANK of £275,000 on 29th August 2023. For the value to have increased from £275,000 to £286,005 over the two years and six months to February 2025, the following assumptions must hold true:

• The value of 3 ROCKLEY BANK has moved in line with the HPI for detached houses in the Shropshire local authority area.
• The August 2023 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of 3 ROCKLEY BANK has not materially changed since August 2023.

How Large is 3 ROCKLEY BANK?

3 ROCKLEY BANK is 65m² according to the EPC inspection conducted in July 2017. This puts it in the smallest 10% of detached houses houses in Cleobury Mortimer, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cleobury Mortimer, and where 3 ROCKLEY BANK lies on this distribution: 8% of detached houses houses are smaller than 3 ROCKLEY BANK, and 92% of houses are larger. Note that EPC data is not available for all properties in Cleobury Mortimer.

3 ROCKLEY BANK: Plot and Title Map

3 ROCKLEY BANK sits on a plot of roughly 0.127 of an acre, or 514m². The below map shows the location of 3 ROCKLEY 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 3 ROCKLEY 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 3 ROCKLEY BANK?

3 ROCKLEY BANK is located in CLEOBURY MORTIMER, in the DY14 postcode district. The below map shows the position of No. 3 on ROCKLEY BANK.