62, SEVERN WAY, CRESSAGE, SHREWSBURY, SY5 6DS - £172,500

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

62 SEVERN WAY is a small detached house of 70m², built sometime between 1976 and 1982. It was last sold for £172,500 in November 2009, which was around 30% below the average November 2009 detached price in the Shropshire local authority area. The most recent EPC inspection was May 2009, where the current energy rating was F, and the potential energy rating was E.

62 SEVERN WAY Sold Prices

Land registry data shows two sales for 62 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 62 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
2009 26 NOV	£172,500	£245,641	30% below HPI
1996 12 DEC	£56,500	£85,976	34% below HPI

62 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 62 SEVERN WAY sales from December 1996 and November 2009 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 December 1996 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the November 2009 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 62 SEVERN WAY?

62 SEVERN WAY is 70m² according to the EPC inspection conducted in May 2009. This puts it in the smallest 30% of detached houses in Cressage, based on EPC data. The below chart shows the distribution of detached houses by size in Cressage, and where 62 SEVERN WAY lies on this distribution: 26% of detached houses are smaller than 62 SEVERN WAY, and 74% of houses are larger. Note that EPC data is not available for all properties in Cressage.

62 SEVERN WAY: Plot and Title Map

62 SEVERN WAY sits on a plot of roughly 0.102 of an acre, or 414m². The below map shows the location of 62 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 62 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 62 SEVERN WAY?

62 SEVERN WAY is located in CRESSAGE, in the SY5 postcode district. The below map shows the position of No. 62 on SEVERN WAY.