MARTELLO, BROOK ROAD, CRAVEN ARMS, SY7 9RD - £115,000

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

MARTELLO is a large extended detached house of 143m², built sometime between 1976 and 1982. It was last sold for £115,000 in June 2002, which was around 25% below the average June 2002 detached price in the Shropshire local authority area. The most recent EPC inspection was June 2016, where the current energy rating was C, and the potential energy rating was B.

MARTELLO Sold Prices

Land registry data shows two sales for MARTELLO 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 MARTELLO 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
2002 14 JUN	£115,000	£154,208	25% below HPI
2000 26 JUN	£97,500	£119,041	18% below HPI

MARTELLO 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 MARTELLO sales from June 2000 and June 2002 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 June 2000 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the June 2002 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is MARTELLO?

MARTELLO is 143m², which includes two extensions, according to the EPC inspection conducted in June 2016. This puts it in the largest 30% of detached houses in Craven Arms, based on EPC data. The below chart shows the distribution of detached houses by size in Craven Arms, and where MARTELLO lies on this distribution: 76% of detached houses are smaller than MARTELLO, and 24% of houses are larger. Note that EPC data is not available for all properties in Craven Arms.

MARTELLO: Plot and Title Map

MARTELLO sits on a plot of roughly 0.105 of an acre, or 427m². The below map shows the location of MARTELLO, 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 MARTELLO). 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 MARTELLO?

MARTELLO is located on BROOK ROAD in CRAVEN ARMS, in the SY7 postcode district. The below map shows the position of MARTELLO on BROOK ROAD.