SERENDIPITY, BRADES ROAD, PREES, WHITCHURCH, SY13 2DX - £220,000

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

SERENDIPITY is a very small extended detached house of 84m², built sometime between 1967 and 1975. It was last sold for £220,000 in October 2018, which was around 29% below the average October 2018 detached price in the Shropshire local authority area. The most recent EPC inspection was July 2018, where the current energy rating was D, and the potential energy rating was C.

SERENDIPITY Sold Prices

Land registry data shows two sales for SERENDIPITY 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 SERENDIPITY sales were for below 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
2018 1 OCT	£220,000	£311,928	29% below HPI
2000 4 FEB	£80,000	£107,798	26% below HPI

SERENDIPITY 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 SERENDIPITY sales from February 2000 and October 2018 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 February 2000 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the October 2018 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is SERENDIPITY?

SERENDIPITY is 84m², which includes one extension, according to the EPC inspection conducted in July 2018. This puts it in the smallest 20% of detached houses in Prees, based on EPC data. The below chart shows the distribution of detached houses by size in Prees, and where SERENDIPITY lies on this distribution: 15% of detached houses are smaller than SERENDIPITY, and 85% of houses are larger. Note that EPC data is not available for all properties in Prees.

SERENDIPITY: Plot and Title Map

SERENDIPITY sits on a plot of roughly 0.128 of an acre, or 517m². The below map shows the location of SERENDIPITY, 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 SERENDIPITY). 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 SERENDIPITY?

SERENDIPITY is located on BRADES ROAD in PREES, in the SY13 postcode district. The below map shows the position of SERENDIPITY on BRADES ROAD.