ARKLE, RACECOURSE LANE, BICTON HEATH, SHREWSBURY, SY3 5BJ - £198,000

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.

ARKLE is a small semi-detached house of 104m², built sometime between 1983 and 1990, which could now be worth an estimated £266,924. It was last sold for £198,000 in June 2019, which was around 2% above the average June 2019 semi-detached price in the Shropshire local authority area. The most recent EPC inspection was May 2019, where the current energy rating was D, and the potential energy rating was B.

ARKLE Sold Prices

Land registry data shows four sales for ARKLE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Shropshire local authority area for the corresponding sale date. All of the four ARKLE sales were for above 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
2019 28 JUN	£198,000	£193,340	2% above HPI
2006 31 AUG	£180,000	£167,648	7% above HPI
2002 15 JUL	£125,500	£96,179	30% above HPI
2001 27 APR	£89,000	£76,107	17% above HPI

ARKLE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Shropshire local authority area over time, sourced from the HPI. The four ARKLE sales between April 2001 and June 2019 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 2006 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the June 2019 sale, where it falls to 2% above the HPI. The line then continues to track at 2% above the HPI.

What might ARKLE be worth now?

ARKLE might now be worth an estimated £266,924.

This is based on house price inflation of 34.8%, between June 2019 and February 2025, for semi-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 34.8% inflationary increase is applied to the most recent sale price for ARKLE of £198,000 on 28th June 2019. For the value to have increased from £198,000 to £266,924 over the six years and four months to February 2025, the following assumptions must hold true:

• The value of ARKLE has moved in line with the HPI for semi-detached houses in the Shropshire local authority area.
• The June 2019 sale price of £198,000 represented a fair market value for the property.
• The size, condition, and specification of ARKLE has not materially changed since June 2019.

How Large is ARKLE?

ARKLE is 104m² according to the EPC inspection conducted in May 2019. This puts it in the smallest 40% of semi-detached houses houses in Shrewsbury, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Shrewsbury, and where ARKLE lies on this distribution: 35% of semi-detached houses houses are smaller than ARKLE, and 64% of houses are larger. Note that EPC data is not available for all properties in Shrewsbury.

ARKLE: Plot and Title Map

ARKLE sits on a plot of roughly 0.056 of an acre, or 227m². The below map shows the location of ARKLE, 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 ARKLE). 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 ARKLE?

ARKLE is located on RACECOURSE LANE in BICTON HEATH, in the SY3 postcode district. The below map shows the position of ARKLE on RACECOURSE LANE.