FORMAOSA, LOWER ROAD, MYDDLE, SHREWSBURY, SY4 3QS - £80,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

FORMAOSA is a very small detached house of 86m², built sometime between 1996 and 2002. It was last sold for £80,000 in April 2000, which was around 28% below the average April 2000 detached price in the Shropshire local authority area. The most recent EPC inspection was August 2018, where the current energy rating was D, and the potential energy rating was B.

FORMAOSA Sold Prices

Land registry data shows two sales for FORMAOSA 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. One of the two FORMAOSA sales was for below the average price, whilst the other was 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
2000 7 APR	£80,000	£110,645	28% below HPI
1995 10 APR	£85,000	£83,150	2% above HPI

FORMAOSA 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 FORMAOSA sales from April 1995 and April 2000 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 April 1995 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the April 2000 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is FORMAOSA?

FORMAOSA is 86m² according to the EPC inspection conducted in August 2018. This puts it in the smallest 10% of detached houses in Myddle, based on EPC data. The below chart shows the distribution of detached houses by size in Myddle, and where FORMAOSA lies on this distribution: 8% of detached houses are smaller than FORMAOSA, and 92% of houses are larger. Note that EPC data is not available for all properties in Myddle.

FORMAOSA: Plot and Title Map

FORMAOSA sits on a plot of roughly 0.132 of an acre, or 533m². The below map shows the location of FORMAOSA, 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 FORMAOSA). 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 FORMAOSA?

FORMAOSA is located on LOWER ROAD in MYDDLE, in the SY4 postcode district. The below map shows the position of FORMAOSA on LOWER ROAD.