SPRINGBANK, WORTHEN, SHREWSBURY, SY5 9HT - £505,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

SPRINGBANK is a very large extended detached house of 186m², built sometime between 1976 and 1982, which could now be worth an estimated £592,835. It was last sold for £505,000 in September 2021, which was around 43% above the average September 2021 detached price in the Shropshire local authority area. The most recent EPC inspection was September 2012, where the current energy rating was D, and the potential energy rating was B.

SPRINGBANK Sold Prices

Land registry data shows two sales for SPRINGBANK 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 SPRINGBANK 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 10 SEP	£505,000	£354,059	43% above HPI
2011 21 OCT	£337,500	£260,727	29% above HPI

SPRINGBANK 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 SPRINGBANK sales from October 2011 and September 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 October 2011 sale was for 29% above the HPI. So the extrapolation line tracks at 29% above the HPI over time, until the September 2021 sale, where it rises to 43% above the HPI. The line then continues to track at 43% above the HPI.

What might SPRINGBANK be worth now?

SPRINGBANK might now be worth an estimated £592,835.

This is based on house price inflation of 17.4%, between September 2021 and December 2024, for detached houses, in the Shropshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 17.4% inflationary increase is applied to the most recent sale price for SPRINGBANK of £505,000 on 10th September 2021. For the value to have increased from £505,000 to £592,835 over the two years and nine months to December 2024, the following assumptions must hold true:

• The value of SPRINGBANK has moved in line with the HPI for detached houses in the Shropshire local authority area.
• The September 2021 sale price of £505,000 represented a fair market value for the property.
• The size, condition, and specification of SPRINGBANK has not materially changed since September 2021.

How Large is SPRINGBANK?

SPRINGBANK is 186m², which includes one extension, according to the EPC inspection conducted in September 2012. This puts it in the largest 10% of detached houses houses in Worthen, based on EPC data. The below chart shows the distribution of detached houses houses by size in Worthen, and where SPRINGBANK lies on this distribution: 93% of detached houses houses are smaller than SPRINGBANK, and 7% of houses are larger. Note that EPC data is not available for all properties in Worthen.

SPRINGBANK: Plot and Title Map

SPRINGBANK sits on a plot of roughly 0.265 of an acre, or 1,072m². The below map shows the location of SPRINGBANK, 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 SPRINGBANK). 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 SPRINGBANK?

SPRINGBANK is located in WORTHEN, in the SY5 postcode district. The below map shows the position of SPRINGBANK in WORTHEN.