31, SEVERN WAY, CRESSAGE, SHREWSBURY, SY5 6DS - £195,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

31 SEVERN WAY is a midsized extended detached house of 88m², built sometime between 1967 and 1975. It was last sold for £195,000 in March 2020, which was around 38% below the average March 2020 detached price in the Shropshire local authority area. The most recent EPC inspection was July 2024, where the current energy rating was D, and the potential energy rating was C.

31 SEVERN WAY Sold Prices

Land registry data shows two sales for 31 SEVERN WAY 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 31 SEVERN WAY 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
2020 12 MAR	£195,000	£314,701	38% below HPI
2006 30 MAR	£159,000	£243,607	35% below HPI

31 SEVERN WAY 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 31 SEVERN WAY sales from March 2006 and March 2020 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 2006 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the March 2020 sale, where it falls to 38% below the HPI. The line then continues to track at 38% below the HPI.

How Large is 31 SEVERN WAY?

31 SEVERN WAY is 88m², which includes one extension, according to the EPC inspection conducted in July 2024. This puts it in the smallest 50% of detached houses in Cressage, based on EPC data. The below chart shows the distribution of detached houses by size in Cressage, and where 31 SEVERN WAY lies on this distribution: 49% of detached houses are smaller than 31 SEVERN WAY, and 51% of houses are larger. Note that EPC data is not available for all properties in Cressage.

31 SEVERN WAY: Plot and Title Map

31 SEVERN WAY sits on a plot of roughly 0.065 of an acre, or 264m². The below map shows the location of 31 SEVERN WAY, 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 31 SEVERN WAY). 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 31 SEVERN WAY?

31 SEVERN WAY is located in CRESSAGE, in the SY5 postcode district. The below map shows the position of No. 31 on SEVERN WAY.