7, CHERRY BANK, HIGHLEY, BRIDGNORTH, WV16 6NT - £165,000

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.

7 CHERRY BANK is a very small detached house of 61m², built sometime between 1967 and 1975, which could now be worth an estimated £232,268. It was last sold for £165,000 in April 2017, which was around 45% below the average April 2017 detached price in the Shropshire local authority area. The most recent EPC inspection was April 2016, where the current energy rating was C, and the potential energy rating was B.

7 CHERRY BANK Sold Prices

Land registry data shows two sales for 7 CHERRY BANK 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 7 CHERRY BANK 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
2017 24 APR	£165,000	£299,568	45% below HPI
2015 9 JUN	£175,000	£273,781	36% below HPI

7 CHERRY BANK 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 7 CHERRY BANK sales from June 2015 and April 2017 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 June 2015 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the April 2017 sale, where it falls to 45% below the HPI. The line then continues to track at 45% below the HPI.

What might 7 CHERRY BANK be worth now?

7 CHERRY BANK might now be worth an estimated £232,268.

This is based on house price inflation of 40.8%, between April 2017 and March 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 40.8% inflationary increase is applied to the most recent sale price for 7 CHERRY BANK of £165,000 on 24th April 2017. For the value to have increased from £165,000 to £232,268 over the eight years and one month to March 2025, the following assumptions must hold true:

• The value of 7 CHERRY BANK has moved in line with the HPI for detached houses in the Shropshire local authority area.
• The April 2017 sale price of £165,000 represented a fair market value for the property.
• The size, condition, and specification of 7 CHERRY BANK has not materially changed since April 2017.

How Large is 7 CHERRY BANK?

7 CHERRY BANK is 61m² according to the EPC inspection conducted in April 2016. This puts it in the smallest 10% of detached houses houses in Highley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Highley, and where 7 CHERRY BANK lies on this distribution: 4% of detached houses houses are smaller than 7 CHERRY BANK, and 96% of houses are larger. Note that EPC data is not available for all properties in Highley.

7 CHERRY BANK: Plot and Title Map

7 CHERRY BANK sits on a plot of roughly 0.070 of an acre, or 283m². The below map shows the location of 7 CHERRY BANK, 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 7 CHERRY BANK). 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 7 CHERRY BANK?

7 CHERRY BANK is located in HIGHLEY, in the WV16 postcode district. The below map shows the position of No. 7 on CHERRY BANK.