HOPE COTTAGE, SHEPHERDS LANE, BICTON HEATH, SHREWSBURY, SY3 5EH - £259,000

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

HOPE COTTAGE is a very large extended detached house of 172m², built sometime before 1900. It was last sold for £259,000 in July 2004, which was around 15% above the average July 2004 detached price in the Shropshire local authority area. The most recent EPC inspection was October 2018, where the current energy rating was D, and the potential energy rating was C.

HOPE COTTAGE Sold Prices

Land registry data shows four sales for HOPE COTTAGE 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. two of the four HOPE COTTAGE sales were for above the average price, and four 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
2004 12 JUL	£259,000	£226,153	15% above HPI
2001 16 FEB	£123,500	£125,258	1% below HPI
1999 4 JUN	£108,500	£102,040	6% above HPI
1997 12 DEC	£74,000	£94,298	22% below HPI

HOPE COTTAGE 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 HOPE COTTAGE sales between December 1997 and July 2004 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 February 2001 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the July 2004 sale, where it rises to 15% above the HPI. The line then continues to track at 15% above the HPI.

How Large is HOPE COTTAGE?

HOPE COTTAGE is 172m², which includes four extensions, according to the EPC inspection conducted in October 2018. This puts it in the largest 20% of detached houses in Shrewsbury, based on EPC data. The below chart shows the distribution of detached houses by size in Shrewsbury, and where HOPE COTTAGE lies on this distribution: 89% of detached houses are smaller than HOPE COTTAGE, and 11% of houses are larger. Note that EPC data is not available for all properties in Shrewsbury.

HOPE COTTAGE: Plot and Title Map

HOPE COTTAGE sits on a plot of roughly 0.092 of an acre, or 371m². The below map shows the location of HOPE COTTAGE, 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 HOPE COTTAGE). 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 HOPE COTTAGE?

HOPE COTTAGE is located on SHEPHERDS LANE in BICTON HEATH, in the SY3 postcode district. The below map shows the position of HOPE COTTAGE on SHEPHERDS LANE.