MINE BANK HOUSE, MINE BANK, CLIVE, SHREWSBURY, SY4 3JW - £485,000

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.

MINE BANK HOUSE is a large extended detached house of 177m², built sometime between 1991 and 1995, which could now be worth an estimated £561,793. It was last sold for £485,000 in October 2021, which was around 35% above the average October 2021 detached price in the Shropshire local authority area. The most recent EPC inspection was June 2021, where the current energy rating was C, and the potential energy rating was B.

MINE BANK HOUSE Sold Prices

Land registry data shows two sales for MINE BANK 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 MINE BANK HOUSE 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
2021 22 OCT	£485,000	£360,245	35% above HPI
1999 9 JUN	£135,000	£104,891	29% above HPI

MINE BANK 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 MINE BANK HOUSE sales from June 1999 and October 2021 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 1999 sale was for 29% above the HPI. So the extrapolation line tracks at 29% above the HPI over time, until the October 2021 sale, where it rises to 35% above the HPI. The line then continues to track at 35% above the HPI.

What might MINE BANK HOUSE be worth now?

MINE BANK HOUSE might now be worth an estimated £561,793.

This is based on house price inflation of 15.8%, between October 2021 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 15.8% inflationary increase is applied to the most recent sale price for MINE BANK HOUSE of £485,000 on 22nd October 2021. For the value to have increased from £485,000 to £561,793 over the four years and eight months to February 2025, the following assumptions must hold true:

• The value of MINE BANK HOUSE has moved in line with the HPI for detached houses in the Shropshire local authority area.
• The October 2021 sale price of £485,000 represented a fair market value for the property.
• The size, condition, and specification of MINE BANK HOUSE has not materially changed since October 2021.

How Large is MINE BANK HOUSE?

MINE BANK HOUSE is 177m², which includes two extensions, according to the EPC inspection conducted in June 2021. This puts it in the largest 40% of detached houses houses in Clive, based on EPC data. The below chart shows the distribution of detached houses houses by size in Clive, and where MINE BANK HOUSE lies on this distribution: 61% of detached houses houses are smaller than MINE BANK HOUSE, and 39% of houses are larger. Note that EPC data is not available for all properties in Clive.

MINE BANK HOUSE: Plot and Title Map

MINE BANK HOUSE sits on a plot of roughly 0.152 of an acre, or 614m². The below map shows the location of MINE BANK 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 MINE BANK 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 MINE BANK HOUSE?

MINE BANK HOUSE is located on MINE BANK in CLIVE, in the SY4 postcode district. The below map shows the position of MINE BANK HOUSE on MINE BANK.