SPRITE COTTAGE, NEALORS LANE, SHREWSBURY, SY3 8NF - £357,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

SPRITE COTTAGE is a midsized extended detached house of 111m², built sometime before 1900, which could now be worth an estimated £511,500. It was last sold for £357,000 in March 2016, which was around 23% above the average March 2016 detached price in the Shropshire local authority area. The most recent EPC inspection was May 2015, where the current energy rating was E, and the potential energy rating was C.

SPRITE COTTAGE Sold Prices

Land registry data shows two sales for SPRITE COTTAGE 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. One of the two SPRITE COTTAGE sales was for above the average price, whilst the other was 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
2016 24 MAR	£357,000	£291,243	23% above HPI
2013 22 NOV	£247,000	£260,041	5% below HPI

SPRITE 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 two SPRITE COTTAGE sales from November 2013 and March 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 November 2013 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the March 2016 sale, where it rises to 23% above the HPI. The line then continues to track at 23% above the HPI.

What might SPRITE COTTAGE be worth now?

SPRITE COTTAGE might now be worth an estimated £511,500.

This is based on house price inflation of 43.3%, between March 2016 and February 2025, 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 43.3% inflationary increase is applied to the most recent sale price for SPRITE COTTAGE of £357,000 on 24th March 2016. For the value to have increased from £357,000 to £511,500 over the nine years and one month to February 2025, the following assumptions must hold true:

• The value of SPRITE COTTAGE has moved in line with the HPI for detached houses in the Shropshire local authority area.
• The March 2016 sale price of £357,000 represented a fair market value for the property.
• The size, condition, and specification of SPRITE COTTAGE has not materially changed since March 2016.

How Large is SPRITE COTTAGE?

SPRITE COTTAGE is 111m², which includes two extensions, according to the EPC inspection conducted in May 2015. This puts it in the smallest 50% of detached houses houses in Shrewsbury, based on EPC data. The below chart shows the distribution of detached houses houses by size in Shrewsbury, and where SPRITE COTTAGE lies on this distribution: 43% of detached houses houses are smaller than SPRITE COTTAGE, and 55% of houses are larger. Note that EPC data is not available for all properties in Shrewsbury.

SPRITE COTTAGE: Plot and Title Map

SPRITE COTTAGE sits on a plot of roughly 0.131 of an acre, or 529m². The below map shows the location of SPRITE 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 SPRITE 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 SPRITE COTTAGE?

SPRITE COTTAGE is located on NEALORS LANE in SHREWSBURY, in the SY3 postcode district. The below map shows the position of SPRITE COTTAGE on NEALORS LANE.