RYE BANK, MILFORD ROAD, BASCHURCH, SHREWSBURY, SY4 2JT - £260,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

RYE BANK is a small detached house of 99m², built sometime between 1950 and 1966. It was last sold for £260,000 in September 2016, which was around 10% below the average September 2016 detached price in the Shropshire local authority area. The most recent EPC inspection was July 2016, where the current energy rating was B, and the potential energy rating was B.

RYE BANK Sold Prices

Land registry data shows three sales for RYE BANK 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. Two of the three RYE BANK sales were for below the average price, whilst one was 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
2016 30 SEP	£260,000	£288,646	10% below HPI
2013 3 JUN	£201,000	£253,034	21% below HPI
1998 4 MAR	£99,500	£93,597	6% above HPI

RYE BANK 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 RYE BANK sales between March 1998 and September 2016 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 2013 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the September 2016 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is RYE BANK?

RYE BANK is 99m² according to the EPC inspection conducted in July 2016. This puts it in the smallest 30% of detached houses in Baschurch, based on EPC data. The below chart shows the distribution of detached houses by size in Baschurch, and where RYE BANK lies on this distribution: 20% of detached houses are smaller than RYE BANK, and 79% of houses are larger. Note that EPC data is not available for all properties in Baschurch.

RYE BANK: Plot and Title Map

RYE BANK sits on a plot of roughly 0.189 of an acre, or 765m². The below map shows the location of RYE BANK, 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 RYE BANK). 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 RYE BANK?

RYE BANK is located on MILFORD ROAD in BASCHURCH, in the SY4 postcode district. The below map shows the position of RYE BANK on MILFORD ROAD.