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

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

FAIRVIEW is a small extended detached house of 93m², built sometime between 1983 and 1990. It was last sold for £178,000 in September 2012, which was around 30% 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	£253,802	30% below HPI
2000 7 AUG	£110,000	£123,943	11% 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 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the September 2012 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

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 in Shrewsbury, based on EPC data. The below chart shows the distribution of detached houses by size in Shrewsbury, and where FAIRVIEW lies on this distribution: 23% of detached 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.