MILLBRO, CORVEDALE ROAD, CRAVEN ARMS, SY7 9NQ - £170,000

Based on the July 2024 Price Paid Data (released on 29th August 2024), the June 2024 House Price Index (released on 14th August 2024), and the July 2024 Energy Performance of Buildings Data (released on 29th August 2024). Sources

MILLBRO is a very small extended detached house of 93m², built sometime between 1900 and 1929. It was last sold for £170,000 in August 2010, which was around 34% below the average August 2010 detached price in the Shropshire local authority area. The most recent EPC inspection was June 2010, where the current energy rating was E, and the potential energy rating was C.

MILLBRO Sold Prices

Land registry data shows two sales for MILLBRO 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 MILLBRO 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
2010 12 AUG	£170,000	£258,384	34% below HPI
1997 28 MAY	£57,500	£88,452	35% below HPI

MILLBRO 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 MILLBRO sales from May 1997 and August 2010 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 May 1997 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the August 2010 sale, where it rises to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is MILLBRO?

MILLBRO is 93m², which includes one extension, according to the EPC inspection conducted in June 2010. This puts it in the smallest 20% 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 MILLBRO lies on this distribution: 16% of detached houses are smaller than MILLBRO, and 84% of houses are larger. Note that EPC data is not available for all properties in Craven Arms.

MILLBRO: Plot and Title Map

MILLBRO sits on a plot of roughly 0.101 of an acre, or 407m². The below map shows the location of MILLBRO, 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 MILLBRO). 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 MILLBRO?

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