THE BUSHES, RACECOURSE LANE, BICTON HEATH, SHREWSBURY, SY3 5BJ - £199,000

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

THE BUSHES is a very small detached house of 74m², built sometime between 1930 and 1949. It was last sold for £199,000 in November 2011, which was around 21% below the average November 2011 detached price in the Shropshire local authority area. The most recent EPC inspection was August 2010, where the current energy rating was E, and the potential energy rating was D.

THE BUSHES Sold Prices

Land registry data shows three sales for THE BUSHES since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Shropshire local authority area for the corresponding sale date. All of the three THE BUSHES 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
2011 23 NOV	£199,000	£252,194	21% below HPI
2003 10 APR	£175,000	£186,930	6% below HPI
1996 5 JUL	£61,000	£83,136	27% below HPI

THE BUSHES 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 three THE BUSHES sales between July 1996 and November 2011 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 April 2003 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the November 2011 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is THE BUSHES?

THE BUSHES is 74m² according to the EPC inspection conducted in August 2010. This puts it in the smallest 10% of detached houses in Shrewsbury, based on EPC data. The below chart shows the distribution of detached houses by size in Shrewsbury, and where THE BUSHES lies on this distribution: 7% of detached houses are smaller than THE BUSHES, and 93% of houses are larger. Note that EPC data is not available for all properties in Shrewsbury.

THE BUSHES: Plot and Title Map

THE BUSHES sits on a plot of roughly 0.152 of an acre, or 615m². The below map shows the location of THE BUSHES, 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 THE BUSHES). 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 THE BUSHES?

THE BUSHES is located on RACECOURSE LANE in BICTON HEATH, in the SY3 postcode district. The below map shows the position of THE BUSHES on RACECOURSE LANE.