4, MORGAN SPRINGS, OLDBURY, BRIDGNORTH, WV16 5JS - £500,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

4 MORGAN SPRINGS is a very large detached house of 190m², built sometime between 2003 and 2006. It was last sold for £500,000 in July 2019, which was around 63% above the average July 2019 detached price in the Shropshire local authority area. The most recent EPC inspection was January 2018, where the current energy rating was C, and the potential energy rating was B.

4 MORGAN SPRINGS Sold Prices

Land registry data shows two sales for 4 MORGAN SPRINGS 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 4 MORGAN SPRINGS 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
2019 26 JUL	£500,000	£307,300	63% above HPI
2006 24 MAR	£415,000	£243,607	70% above HPI

4 MORGAN SPRINGS 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 4 MORGAN SPRINGS sales from March 2006 and July 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 March 2006 sale was for 70% above the HPI. So the extrapolation line tracks at 70% above the HPI over time, until the July 2019 sale, where it falls to 63% above the HPI. The line then continues to track at 63% above the HPI.

How Large is 4 MORGAN SPRINGS?

4 MORGAN SPRINGS is 190m² according to the EPC inspection conducted in January 2018. This puts it in the largest 10% of detached houses in Bridgnorth, based on EPC data. The below chart shows the distribution of detached houses by size in Bridgnorth, and where 4 MORGAN SPRINGS lies on this distribution: 93% of detached houses are smaller than 4 MORGAN SPRINGS, and 7% of houses are larger. Note that EPC data is not available for all properties in Bridgnorth.

4 MORGAN SPRINGS: Plot and Title Map

4 MORGAN SPRINGS sits on a plot of roughly 0.165 of an acre, or 668m². The below map shows the location of 4 MORGAN SPRINGS, 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 MORGAN SPRINGS). 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 MORGAN SPRINGS?

4 MORGAN SPRINGS is located in OLDBURY, in the WV16 postcode district. The below map shows the position of No. 4 on MORGAN SPRINGS.