LOCK HOUSE, OLD SCHOOL LANE, TENBURY WELLS, WR15 8RA - £245,000

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

LOCK HOUSE is a small detached house of 83m², built sometime between 1983 and 1990. It was last sold for £245,000 in September 2022, which was around 37% below the average September 2022 detached price in the Shropshire local authority area. The most recent EPC inspection was September 2021, where the current energy rating was D, and the potential energy rating was B.

LOCK HOUSE Sold Prices

Land registry data shows two sales for LOCK HOUSE 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 LOCK HOUSE 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
2022 12 SEP	£245,000	£389,450	37% below HPI
1996 23 AUG	£60,000	£83,778	28% below HPI

LOCK HOUSE 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 LOCK HOUSE sales from August 1996 and September 2022 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 1996 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the September 2022 sale, where it falls to 37% below the HPI. The line then continues to track at 37% below the HPI.

How Large is LOCK HOUSE?

LOCK HOUSE is 83m² according to the EPC inspection conducted in September 2021. This puts it in the smallest 30% of detached houses in Tenbury Wells, based on EPC data. The below chart shows the distribution of detached houses by size in Tenbury Wells, and where LOCK HOUSE lies on this distribution: 26% of detached houses are smaller than LOCK HOUSE, and 74% of houses are larger. Note that EPC data is not available for all properties in Tenbury Wells.

LOCK HOUSE: Plot and Title Map

LOCK HOUSE sits on a plot of roughly 0.064 of an acre, or 260m². The below map shows the location of LOCK HOUSE, 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 LOCK HOUSE). 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 LOCK HOUSE?

LOCK HOUSE is located on OLD SCHOOL LANE in TENBURY WELLS, in the WR15 postcode district. The below map shows the position of LOCK HOUSE on OLD SCHOOL LANE.