OAKLEA, GROVE LANE, PONTESBURY, SHREWSBURY, SY5 0UW - £350,000

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.

OAKLEA is a very large extended detached house of 242m², built sometime between 1930 and 1949, which could now be worth an estimated £488,190. It was last sold for £350,000 in March 2017, which was around 17% above the average March 2017 detached price in the Shropshire local authority area. The most recent EPC inspection was October 2016, where the current energy rating was D, and the potential energy rating was B.

OAKLEA Sold Prices

Land registry data shows two sales for OAKLEA 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 OAKLEA 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
2017 10 MAR	£350,000	£299,166	17% above HPI
2007 31 AUG	£287,000	£282,146	2% above HPI

OAKLEA 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 OAKLEA sales from August 2007 and March 2017 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 2007 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the March 2017 sale, where it rises to 17% above the HPI. The line then continues to track at 17% above the HPI.

What might OAKLEA be worth now?

OAKLEA might now be worth an estimated £488,190.

This is based on house price inflation of 39.5%, between March 2017 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 39.5% inflationary increase is applied to the most recent sale price for OAKLEA of £350,000 on 10th March 2017. For the value to have increased from £350,000 to £488,190 over the eight years and one month to February 2025, the following assumptions must hold true:

• The value of OAKLEA has moved in line with the HPI for detached houses in the Shropshire local authority area.
• The March 2017 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of OAKLEA has not materially changed since March 2017.

How Large is OAKLEA?

OAKLEA is 242m², which includes two extensions, according to the EPC inspection conducted in October 2016. This puts it in the largest 10% of detached houses houses in Pontesbury, based on EPC data. The below chart shows the distribution of detached houses houses by size in Pontesbury, and where OAKLEA lies on this distribution: 98% of detached houses houses are smaller than OAKLEA, and 2% of houses are larger. Note that EPC data is not available for all properties in Pontesbury.

OAKLEA: Plot and Title Map

OAKLEA sits on a plot of roughly 0.250 of an acre, or 1,013m². The below map shows the location of OAKLEA, 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 OAKLEA). 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 OAKLEA?

OAKLEA is located on GROVE LANE in PONTESBURY, in the SY5 postcode district. The below map shows the position of OAKLEA on GROVE LANE.