4, MELROSE DRIVE, SHREWSBURY, SY2 6QS - £465,000

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.

4 MELROSE DRIVE is a very large detached house of 176m², built sometime between 1976 and 1982, which could now be worth an estimated £613,038. It was last sold for £465,000 in December 2018, which was around 47% above the average December 2018 detached price in the Shropshire local authority area. The most recent EPC inspection was February 2018, where the current energy rating was D, and the potential energy rating was C.

4 MELROSE DRIVE Sold Prices

Land registry data shows three sales for 4 MELROSE DRIVE 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 4 MELROSE DRIVE sales were for above 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 5 DEC	£465,000	£316,518	47% above HPI
2006 23 JAN	£325,000	£251,968	29% above HPI
1999 15 OCT	£143,000	£112,385	27% above HPI

4 MELROSE DRIVE 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 4 MELROSE DRIVE sales between October 1999 and December 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 January 2006 sale was for 29% above the HPI. So the extrapolation line tracks at 29% above the HPI over time, until the December 2018 sale, where it rises to 47% above the HPI. The line then continues to track at 47% above the HPI.

What might 4 MELROSE DRIVE be worth now?

4 MELROSE DRIVE might now be worth an estimated £613,038.

This is based on house price inflation of 31.8%, between December 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 31.8% inflationary increase is applied to the most recent sale price for 4 MELROSE DRIVE of £465,000 on 5th December 2018. For the value to have increased from £465,000 to £613,038 over the seven years and ten months to February 2025, the following assumptions must hold true:

• The value of 4 MELROSE DRIVE has moved in line with the HPI for detached houses in the Shropshire local authority area.
• The December 2018 sale price of £465,000 represented a fair market value for the property.
• The size, condition, and specification of 4 MELROSE DRIVE has not materially changed since December 2018.

How Large is 4 MELROSE DRIVE?

4 MELROSE DRIVE is 176m² according to the EPC inspection conducted in February 2018. This puts it in the largest 10% 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 4 MELROSE DRIVE lies on this distribution: 90% of detached houses houses are smaller than 4 MELROSE DRIVE, and 10% of houses are larger. Note that EPC data is not available for all properties in Shrewsbury.

4 MELROSE DRIVE: Plot and Title Map

4 MELROSE DRIVE sits on a plot of roughly 0.390 of an acre, or 1,579m². The below map shows the location of 4 MELROSE DRIVE, 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 4 MELROSE DRIVE). 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 4 MELROSE DRIVE?

4 MELROSE DRIVE is located in SHREWSBURY, in the SY2 postcode district. The below map shows the position of No. 4 on MELROSE DRIVE.