8, GRASMERE DRIVE, HIGHLEY, BRIDGNORTH, WV16 6EE - £225,000

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.

8 GRASMERE DRIVE is a small detached house of 88m², built sometime between 1967 and 1975, which could now be worth an estimated £333,035. It was last sold for £225,000 in June 2016, which was around 21% below the average June 2016 detached price in the Shropshire local authority area. The most recent EPC inspection was June 2009, where the current energy rating was D, and the potential energy rating was D.

8 GRASMERE DRIVE Sold Prices

Land registry data shows five sales for 8 GRASMERE DRIVE 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 8 GRASMERE 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
2016 17 JUN	£225,000	£284,901	21% below HPI
2015 21 AUG	£250,000	£281,353	11% below HPI
2009 14 DEC	£249,950	£257,383	3% below HPI
2007 10 AUG	£247,500	£282,146	12% below HPI
2006 31 MAR	£172,500	£250,412	31% below HPI

8 GRASMERE 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 five 8 GRASMERE DRIVE sales between March 2006 and June 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 August 2015 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the June 2016 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 8 GRASMERE DRIVE be worth now?

8 GRASMERE DRIVE might now be worth an estimated £333,035.

This is based on house price inflation of 48%, between June 2016 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 48% inflationary increase is applied to the most recent sale price for 8 GRASMERE DRIVE of £225,000 on 17th June 2016. For the value to have increased from £225,000 to £333,035 over the nine years and three months to March 2025, the following assumptions must hold true:

• The value of 8 GRASMERE DRIVE has moved in line with the HPI for detached houses in the Shropshire local authority area.
• The June 2016 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 8 GRASMERE DRIVE has not materially changed since June 2016.

How Large is 8 GRASMERE DRIVE?

8 GRASMERE DRIVE is 88m² according to the EPC inspection conducted in June 2009. This puts it in the smallest 40% 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 8 GRASMERE DRIVE lies on this distribution: 35% of detached houses houses are smaller than 8 GRASMERE DRIVE, and 63% of houses are larger. Note that EPC data is not available for all properties in Highley.

8 GRASMERE DRIVE: Plot and Title Map

8 GRASMERE DRIVE sits on a plot of roughly 0.180 of an acre, or 728m². The below map shows the location of 8 GRASMERE 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 8 GRASMERE 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 8 GRASMERE DRIVE?

8 GRASMERE DRIVE is located in HIGHLEY, in the WV16 postcode district. The below map shows the position of No. 8 on GRASMERE DRIVE.