SHORE BANK HOUSE, SHORE LANE, CRESSAGE, SHREWSBURY, SY5 6BS - £605,000

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

SHORE BANK HOUSE is a very large extended detached house of 171m², built sometime between 1900 and 1929. It was last sold for £605,000 in January 2021, which was around 80% above the average January 2021 detached price in the Shropshire local authority area. The most recent EPC inspection was August 2020, where the current energy rating was D, and the potential energy rating was C.

SHORE BANK HOUSE Sold Prices

Land registry data shows two sales for SHORE 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 SHORE 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 25 JAN	£605,000	£335,354	80% above HPI
1996 28 JUN	£120,000	£82,169	46% above HPI

SHORE 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 SHORE BANK HOUSE sales from June 1996 and January 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 1996 sale was for 46% above the HPI. So the extrapolation line tracks at 46% above the HPI over time, until the January 2021 sale, where it rises to 80% above the HPI. The line then continues to track at 80% above the HPI.

How Large is SHORE BANK HOUSE?

SHORE BANK HOUSE is 171m², which includes one extension, according to the EPC inspection conducted in August 2020. This puts it in the largest 20% of detached houses in Cressage, based on EPC data. The below chart shows the distribution of detached houses by size in Cressage, and where SHORE BANK HOUSE lies on this distribution: 88% of detached houses are smaller than SHORE BANK HOUSE, and 12% of houses are larger. Note that EPC data is not available for all properties in Cressage.

SHORE BANK HOUSE: Plot and Title Map

SHORE BANK HOUSE sits on a plot of roughly 0.236 of an acre, or 954m². The below map shows the location of SHORE 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 SHORE 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 SHORE BANK HOUSE?

SHORE BANK HOUSE is located on SHORE LANE in CRESSAGE, in the SY5 postcode district. The below map shows the position of SHORE BANK HOUSE on SHORE LANE.