GORNALLS PATCH, MINSTERLEY, SHREWSBURY, SY5 0BA - £299,995

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.

GORNALLS PATCH is a very large detached house of 136m², built sometime between 1950 and 1966, which could now be worth an estimated £353,567. It was last sold for £299,995 in September 2021, which was around 15% below the average September 2021 detached price in the Shropshire local authority area. The most recent EPC inspection was June 2016, where the current energy rating was D, and the potential energy rating was B.

GORNALLS PATCH Sold Prices

Land registry data shows four sales for GORNALLS PATCH since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Shropshire local authority area for the corresponding sale date. All of the four GORNALLS PATCH 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
2021 7 SEP	£299,995	£354,059	15% below HPI
2019 1 APR	£145,893	£317,612	54% below HPI
2016 23 DEC	£214,000	£299,177	28% below HPI
2008 28 NOV	£175,000	£259,207	32% below HPI

GORNALLS PATCH 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 four GORNALLS PATCH sales between November 2008 and September 2021 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 2019 sale was for 54% below the HPI. So the extrapolation line tracks at 54% below the HPI over time, until the September 2021 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might GORNALLS PATCH be worth now?

GORNALLS PATCH might now be worth an estimated £353,567.

This is based on house price inflation of 17.9%, between September 2021 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 17.9% inflationary increase is applied to the most recent sale price for GORNALLS PATCH of £299,995 on 7th September 2021. For the value to have increased from £299,995 to £353,567 over the four years and seven months to February 2025, the following assumptions must hold true:

• The value of GORNALLS PATCH has moved in line with the HPI for detached houses in the Shropshire local authority area.
• The September 2021 sale price of £299,995 represented a fair market value for the property.
• The size, condition, and specification of GORNALLS PATCH has not materially changed since September 2021.

How Large is GORNALLS PATCH?

GORNALLS PATCH is 136m² according to the EPC inspection conducted in June 2016. This puts it in the largest 20% of detached houses houses in Minsterley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Minsterley, and where GORNALLS PATCH lies on this distribution: 80% of detached houses houses are smaller than GORNALLS PATCH, and 20% of houses are larger. Note that EPC data is not available for all properties in Minsterley.

GORNALLS PATCH: Plot and Title Map

GORNALLS PATCH sits on a plot of roughly 0.232 of an acre, or 937m². The below map shows the location of GORNALLS PATCH, 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 GORNALLS PATCH). 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 GORNALLS PATCH?

GORNALLS PATCH is located in MINSTERLEY, in the SY5 postcode district. The below map shows the position of GORNALLS PATCH in MINSTERLEY.