7, FARMLODGE LANE, SHREWSBURY, SY1 3ST - £160,000

Based on the April 2024 Price Paid Data (released on 30 May 2024), the March 2024 House Price Index (released on 22 May 2024), and the April 2024 Energy Performance of Buildings Data (released on 21 May 2024). Sources

7 FARMLODGE LANE is a very small semi-detached house of 54m², built sometime between 1983 and 1990. It was last sold for £160,000 in September 2018, which was around 49% below the average September 2018 detached price in the Shropshire local authority area. The most recent EPC inspection was June 2018, where the current energy rating was D, and the potential energy rating was B.

7 FARMLODGE LANE Sold Prices

Land registry data shows five sales for 7 FARMLODGE LANE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Shropshire local authority area for the corresponding sale date. All of the five 7 FARMLODGE LANE 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
2018 14 SEP	£160,000	£311,224	49% below HPI
2014 7 MAR	£146,000	£254,957	43% below HPI
2007 1 JUN	£157,500	£264,243	40% below HPI
2000 28 JUL	£31,000	£121,768	75% below HPI
1996 18 JUL	£48,450	£83,136	42% below HPI

7 FARMLODGE 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 five 7 FARMLODGE LANE sales between July 1996 and September 2018 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 2014 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the September 2018 sale, where it falls to 49% below the HPI. The line then continues to track at 49% below the HPI.

How Large is 7 FARMLODGE LANE?

7 FARMLODGE LANE is 54m² according to the EPC inspection conducted in June 2018. This puts it in the smallest 10% 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 FARMLODGE LANE lies on this distribution: 1% of detached houses are smaller than 7 FARMLODGE LANE, and 99% of houses are larger. Note that EPC data is not available for all properties in Shrewsbury.

7 FARMLODGE LANE: Plot and Title Map

7 FARMLODGE LANE sits on a plot of roughly 0.094 of an acre, or 378m². The below map shows the location of 7 FARMLODGE 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 7 FARMLODGE 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 7 FARMLODGE LANE?

7 FARMLODGE LANE is located in SHREWSBURY, in the SY1 postcode district. The below map shows the position of No. 7 on FARMLODGE LANE.