RED ROOF, BEAMISH LANE, ALBRIGHTON, WOLVERHAMPTON, WV7 3JJ - £580,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

RED ROOF is a very large extended detached house of 214m², built sometime between 1930 and 1949. It was last sold for £580,000 in March 2019, which was around 87% above the average March 2019 detached price in the Shropshire local authority area. The most recent EPC inspection was January 2019, where the current energy rating was D, and the potential energy rating was C.

RED ROOF Sold Prices

Land registry data shows three sales for RED ROOF since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Shropshire local authority area for the corresponding sale date. All of the three RED ROOF 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 4 MAR	£580,000	£310,123	87% above HPI
2008 5 DEC	£418,000	£249,609	67% above HPI
2007 24 JUL	£442,500	£269,695	64% above HPI

RED ROOF 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 three RED ROOF sales between July 2007 and March 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 December 2008 sale was for 67% above the HPI. So the extrapolation line tracks at 67% above the HPI over time, until the March 2019 sale, where it rises to 87% above the HPI. The line then continues to track at 87% above the HPI.

How Large is RED ROOF?

RED ROOF is 214m², which includes two extensions, according to the EPC inspection conducted in January 2019. This puts it in the largest 10% of detached houses in Albrighton, based on EPC data. The below chart shows the distribution of detached houses by size in Albrighton, and where RED ROOF lies on this distribution: 93% of detached houses are smaller than RED ROOF, and 7% of houses are larger. Note that EPC data is not available for all properties in Albrighton.

RED ROOF: Plot and Title Map

RED ROOF sits on a plot of roughly 0.345 of an acre, or 1,398m². The below map shows the location of RED ROOF, 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 RED ROOF). 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 RED ROOF?

RED ROOF is located on BEAMISH LANE in ALBRIGHTON, in the WV7 postcode district. The below map shows the position of RED ROOF on BEAMISH LANE.