SMITHY COTTAGE, MYDDLE HILL, MYDDLE, SHREWSBURY, SY4 3RW - £335,000

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

SMITHY COTTAGE is a small extended detached house of 126m², built sometime before 1900. It was last sold for £335,000 in May 2017, which was around 15% above the average May 2017 detached price in the Shropshire local authority area. The most recent EPC inspection was February 2017, where the current energy rating was E, and the potential energy rating was B.

SMITHY COTTAGE Sold Prices

Land registry data shows four sales for SMITHY COTTAGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Shropshire local authority area for the corresponding sale date. Most of the four SMITHY COTTAGE 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 30 MAY	£335,000	£291,056	15% above HPI
2009 17 JUL	£250,000	£238,343	5% above HPI
2000 30 JUN	£130,000	£119,041	9% above HPI
1997 11 JUL	£86,200	£90,739	5% below HPI

SMITHY COTTAGE 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 four SMITHY COTTAGE sales between July 1997 and May 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 July 2009 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the May 2017 sale, where it rises to 15% above the HPI. The line then continues to track at 15% above the HPI.

How Large is SMITHY COTTAGE?

SMITHY COTTAGE is 126m², which includes four extensions, according to the EPC inspection conducted in February 2017. This puts it in the smallest 30% of detached houses in Myddle, based on EPC data. The below chart shows the distribution of detached houses by size in Myddle, and where SMITHY COTTAGE lies on this distribution: 24% of detached houses are smaller than SMITHY COTTAGE, and 76% of houses are larger. Note that EPC data is not available for all properties in Myddle.

SMITHY COTTAGE: Plot and Title Map

SMITHY COTTAGE sits on a plot of roughly 0.081 of an acre, or 327m². The below map shows the location of SMITHY COTTAGE, 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 SMITHY COTTAGE). 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 SMITHY COTTAGE?

SMITHY COTTAGE is located on MYDDLE HILL in MYDDLE, in the SY4 postcode district. The below map shows the position of SMITHY COTTAGE on MYDDLE HILL.