MILLRACE, STONEHURST DRIVE, SHREWSBURY, SY2 6DF - £637,500

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.

MILLRACE is a very large extended detached house of 238m², built sometime between 1991 and 1995, which could now be worth an estimated £843,130. It was last sold for £637,500 in August 2019, which was around 102% above the average August 2019 detached price in the Shropshire local authority area. The most recent EPC inspection was March 2019, where the current energy rating was C, and the potential energy rating was C.

MILLRACE Sold Prices

Land registry data shows two sales for MILLRACE 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 MILLRACE sales were for above 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
2019 16 AUG	£637,500	£315,514	102% above HPI
2001 1 AUG	£293,000	£141,590	107% above HPI

MILLRACE 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 MILLRACE sales from August 2001 and August 2019 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 2001 sale was for 107% above the HPI. So the extrapolation line tracks at 107% above the HPI over time, until the August 2019 sale, where it falls to 102% above the HPI. The line then continues to track at 102% above the HPI.

What might MILLRACE be worth now?

MILLRACE might now be worth an estimated £843,130.

This is based on house price inflation of 32.3%, between August 2019 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 32.3% inflationary increase is applied to the most recent sale price for MILLRACE of £637,500 on 16th August 2019. For the value to have increased from £637,500 to £843,130 over the six years and six months to February 2025, the following assumptions must hold true:

• The value of MILLRACE has moved in line with the HPI for detached houses in the Shropshire local authority area.
• The August 2019 sale price of £637,500 represented a fair market value for the property.
• The size, condition, and specification of MILLRACE has not materially changed since August 2019.

How Large is MILLRACE?

MILLRACE is 238m², which includes one extension, according to the EPC inspection conducted in March 2019. This puts it in the largest 10% of detached houses houses in Shrewsbury, based on EPC data. The below chart shows the distribution of detached houses houses by size in Shrewsbury, and where MILLRACE lies on this distribution: 97% of detached houses houses are smaller than MILLRACE, and 3% of houses are larger. Note that EPC data is not available for all properties in Shrewsbury.

MILLRACE: Plot and Title Map

MILLRACE sits on a plot of roughly 0.265 of an acre, or 1,071m². The below map shows the location of MILLRACE, 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 MILLRACE). 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 MILLRACE?

MILLRACE is located on STONEHURST DRIVE in SHREWSBURY, in the SY2 postcode district. The below map shows the position of MILLRACE on STONEHURST DRIVE.