FAIRVIEW, RACECOURSE LANE, BICTON HEATH, SHREWSBURY, SY3 5BJ - £178,000

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.

FAIRVIEW is a small extended detached house of 93m², built sometime between 1983 and 1990, which could now be worth an estimated £284,703. It was last sold for £178,000 in September 2012, which was around 32% below the average September 2012 detached price in the Shropshire local authority area. The most recent EPC inspection was May 2012, where the current energy rating was D, and the potential energy rating was C.

FAIRVIEW Sold Prices

Land registry data shows two sales for FAIRVIEW 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 FAIRVIEW 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
2012 28 SEP	£178,000	£260,892	32% below HPI
2000 7 AUG	£110,000	£127,405	14% below HPI

FAIRVIEW 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 FAIRVIEW sales from August 2000 and September 2012 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 2000 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the September 2012 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

What might FAIRVIEW be worth now?

FAIRVIEW might now be worth an estimated £284,703.

This is based on house price inflation of 59.9%, between September 2012 and February 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 59.9% inflationary increase is applied to the most recent sale price for FAIRVIEW of £178,000 on 28th September 2012. For the value to have increased from £178,000 to £284,703 over the thirteen years and seven months to February 2025, the following assumptions must hold true:

• The value of FAIRVIEW has moved in line with the HPI for detached houses in the Shropshire local authority area.
• The September 2012 sale price of £178,000 represented a fair market value for the property.
• The size, condition, and specification of FAIRVIEW has not materially changed since September 2012.

How Large is FAIRVIEW?

FAIRVIEW is 93m², which includes one extension, according to the EPC inspection conducted in May 2012. This puts it in the smallest 30% of detached houses houses in Shrewsbury, based on EPC data. The below chart shows the distribution of detached houses houses by size in Shrewsbury, and where FAIRVIEW lies on this distribution: 23% of detached houses houses are smaller than FAIRVIEW, and 76% of houses are larger. Note that EPC data is not available for all properties in Shrewsbury.

FAIRVIEW: Plot and Title Map

FAIRVIEW sits on a plot of roughly 0.075 of an acre, or 304m². The below map shows the location of FAIRVIEW, 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 FAIRVIEW). 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 FAIRVIEW?

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