7, MELBOURNE RISE, BICTON HEATH, SHREWSBURY, SY3 5DA - £249,999

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 MELBOURNE RISE is a very small detached house of 75m², built sometime between 1976 and 1982. It was last sold for £249,999 in August 2016, which was around 13% below the average August 2016 detached price in the Shropshire local authority area. The most recent EPC inspection was March 2016, where the current energy rating was D, and the potential energy rating was B.

7 MELBOURNE RISE Sold Prices

Land registry data shows two sales for 7 MELBOURNE RISE 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 MELBOURNE RISE 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
2016 17 AUG	£249,999	£287,287	13% below HPI
1999 1 DEC	£85,000	£107,820	21% below HPI

7 MELBOURNE RISE 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 MELBOURNE RISE sales from December 1999 and August 2016 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 1999 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the August 2016 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is 7 MELBOURNE RISE?

7 MELBOURNE RISE is 75m² according to the EPC inspection conducted in March 2016. 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 MELBOURNE RISE lies on this distribution: 7% of detached houses are smaller than 7 MELBOURNE RISE, and 92% of houses are larger. Note that EPC data is not available for all properties in Shrewsbury.

7 MELBOURNE RISE: Plot and Title Map

7 MELBOURNE RISE sits on a plot of roughly 0.152 of an acre, or 614m². The below map shows the location of 7 MELBOURNE RISE, 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 MELBOURNE RISE). 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 MELBOURNE RISE?

7 MELBOURNE RISE is located in BICTON HEATH, in the SY3 postcode district. The below map shows the position of No. 7 on MELBOURNE RISE.