LILY BANK, STATION ROAD, PREES, WHITCHURCH, SY13 2DN - £190,000

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.

LILY BANK is a very small extended detached house of 88m², built sometime between 1930 and 1949, which could now be worth an estimated £300,444. It was last sold for £190,000 in May 2011, which was around 28% below the average May 2011 detached price in the Shropshire local authority area. The most recent EPC inspection was April 2015, where the current energy rating was F, and the potential energy rating was A.

LILY BANK Sold Prices

Land registry data shows two sales for LILY BANK 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 LILY BANK 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
2011 20 MAY	£190,000	£263,890	28% below HPI
2000 23 AUG	£94,000	£127,405	26% below HPI

LILY BANK 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 LILY BANK sales from August 2000 and May 2011 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 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the May 2011 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might LILY BANK be worth now?

LILY BANK might now be worth an estimated £300,444.

This is based on house price inflation of 58.1%, between May 2011 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 58.1% inflationary increase is applied to the most recent sale price for LILY BANK of £190,000 on 20th May 2011. For the value to have increased from £190,000 to £300,444 over the fourteen years and three months to February 2025, the following assumptions must hold true:

• The value of LILY BANK has moved in line with the HPI for detached houses in the Shropshire local authority area.
• The May 2011 sale price of £190,000 represented a fair market value for the property.
• The size, condition, and specification of LILY BANK has not materially changed since May 2011.

How Large is LILY BANK?

LILY BANK is 88m², which includes one extension, according to the EPC inspection conducted in April 2015. This puts it in the smallest 20% of detached houses houses in Prees, based on EPC data. The below chart shows the distribution of detached houses houses by size in Prees, and where LILY BANK lies on this distribution: 20% of detached houses houses are smaller than LILY BANK, and 80% of houses are larger. Note that EPC data is not available for all properties in Prees.

LILY BANK: Plot and Title Map

LILY BANK sits on a plot of roughly 0.230 of an acre, or 931m². The below map shows the location of LILY BANK, 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 LILY BANK). 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 LILY BANK?

LILY BANK is located on STATION ROAD in PREES, in the SY13 postcode district. The below map shows the position of LILY BANK on STATION ROAD.