7, FAIRBURN DRIVE, SHREWSBURY, SY3 6DQ - £255,000

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

7 FAIRBURN DRIVE is a very small detached house of 89m², built sometime between 1991 and 1995. It was last sold for £255,000 in November 2017, which was around 14% below the average November 2017 detached price in the Shropshire local authority area. The most recent EPC inspection was May 2023, where the current energy rating was C, and the potential energy rating was B.

7 FAIRBURN DRIVE Sold Prices

Land registry data shows four sales for 7 FAIRBURN DRIVE 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 7 FAIRBURN DRIVE 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 NOV	£255,000	£297,190	14% below HPI
2011 12 APR	£210,000	£253,627	17% below HPI
2003 12 FEB	£158,000	£182,992	14% below HPI
1995 2 MAY	£74,000	£82,565	10% below HPI

7 FAIRBURN 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 four 7 FAIRBURN DRIVE sales between May 1995 and November 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 April 2011 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the November 2017 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is 7 FAIRBURN DRIVE?

7 FAIRBURN DRIVE is 89m² according to the EPC inspection conducted in May 2023. This puts it in the smallest 20% of detached houses in Shrewsbury, based on EPC data. The below chart shows the distribution of detached houses by size in Shrewsbury, and where 7 FAIRBURN DRIVE lies on this distribution: 19% of detached houses are smaller than 7 FAIRBURN DRIVE, and 80% of houses are larger. Note that EPC data is not available for all properties in Shrewsbury.

7 FAIRBURN DRIVE: Plot and Title Map

7 FAIRBURN DRIVE sits on a plot of roughly 0.063 of an acre, or 253m². The below map shows the location of 7 FAIRBURN 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 7 FAIRBURN 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 7 FAIRBURN DRIVE?

7 FAIRBURN DRIVE is located in SHREWSBURY, in the SY3 postcode district. The below map shows the position of No. 7 on FAIRBURN DRIVE.