FUNCHAL, CHURCH ROAD, DORRINGTON, SHREWSBURY, SY5 7JL - £275,000

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

FUNCHAL is a very small detached house of 64m², built sometime between 1976 and 1982. It was last sold for £275,000 in March 2023, which was around 29% below the average March 2023 detached price in the Shropshire local authority area. The most recent EPC inspection was November 2021, where the current energy rating was D, and the potential energy rating was B.

FUNCHAL Sold Prices

Land registry data shows two sales for FUNCHAL 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 FUNCHAL 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
2023 20 MAR	£275,000	£387,847	29% below HPI
2016 5 AUG	£188,000	£287,287	35% below HPI

FUNCHAL 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 FUNCHAL sales from August 2016 and March 2023 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 2016 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the March 2023 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is FUNCHAL?

FUNCHAL is 64m² according to the EPC inspection conducted in November 2021. This puts it in the smallest 10% of detached houses in Dorrington, based on EPC data. The below chart shows the distribution of detached houses by size in Dorrington, and where FUNCHAL lies on this distribution: 5% of detached houses are smaller than FUNCHAL, and 95% of houses are larger. Note that EPC data is not available for all properties in Dorrington.

FUNCHAL: Plot and Title Map

FUNCHAL sits on a plot of roughly 0.135 of an acre, or 544m². The below map shows the location of FUNCHAL, 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 FUNCHAL). 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 FUNCHAL?

FUNCHAL is located on CHURCH ROAD in DORRINGTON, in the SY5 postcode district. The below map shows the position of FUNCHAL on CHURCH ROAD.