4, OAK LANE, BICTON HEATH, SHREWSBURY, SY3 5BW - £245,000

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

4 OAK LANE is a midsized detached house of 118m², built sometime between 1983 and 1990. It was last sold for £245,000 in September 2003, which was around 22% above the average September 2003 detached price in the Shropshire local authority area. The most recent EPC inspection was June 2012, where the current energy rating was C, and the potential energy rating was B.

4 OAK LANE Sold Prices

Land registry data shows four sales for 4 OAK LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Shropshire local authority area for the corresponding sale date. All of the four 4 OAK LANE 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
2003 24 SEP	£245,000	£200,319	22% above HPI
2000 4 AUG	£151,000	£123,943	22% above HPI
1999 16 AUG	£114,000	£107,795	6% above HPI
1997 27 JUN	£109,950	£89,649	23% above HPI

4 OAK LANE 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 four 4 OAK LANE sales between June 1997 and September 2003 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 2000 sale was for 22% above the HPI. So the extrapolation line tracks at 22% above the HPI over time, until the September 2003 sale, which was also at 22% above the HPI.

How Large is 4 OAK LANE?

4 OAK LANE is 118m² according to the EPC inspection conducted in June 2012. This puts it in the largest 50% of detached houses in Shrewsbury, based on EPC data. The below chart shows the distribution of detached houses by size in Shrewsbury, and where 4 OAK LANE lies on this distribution: 53% of detached houses are smaller than 4 OAK LANE, and 46% of houses are larger. Note that EPC data is not available for all properties in Shrewsbury.

4 OAK LANE: Plot and Title Map

4 OAK LANE sits on a plot of roughly 0.140 of an acre, or 566m². The below map shows the location of 4 OAK LANE, 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 OAK LANE). 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 OAK LANE?

4 OAK LANE is located in BICTON HEATH, in the SY3 postcode district. The below map shows the position of No. 4 on OAK LANE.