THE GRASMERE, HOMER, MUCH WENLOCK, TF13 6NL - £370,000

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 GRASMERE is a very large extended detached house of 179m², built sometime between 1967 and 1975. It was last sold for £370,000 in July 2024, which was around 8% below the average July 2024 detached price in the Shropshire local authority area. The most recent EPC inspection was June 2018, where the current energy rating was F, and the potential energy rating was C.

THE GRASMERE Sold Prices

Land registry data shows three sales for THE GRASMERE 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. One of the three THE GRASMERE sales was for below the average price, whilst two 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
2024 3 JUL	£370,000	£400,852	8% below HPI
2000 1 AUG	£155,000	£123,943	25% above HPI
1998 29 OCT	£120,000	£100,475	19% above HPI

THE GRASMERE 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 GRASMERE sales between October 1998 and July 2024 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 August 2000 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the July 2024 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

How Large is THE GRASMERE?

THE GRASMERE is 179m², which includes two extensions, according to the EPC inspection conducted in June 2018. This puts it in the largest 20% of detached houses in Homer, based on EPC data. The below chart shows the distribution of detached houses by size in Homer, and where THE GRASMERE lies on this distribution: 88% of detached houses are smaller than THE GRASMERE, and 13% of houses are larger. Note that EPC data is not available for all properties in Homer.

THE GRASMERE: Plot and Title Map

THE GRASMERE sits on a plot of roughly 0.119 of an acre, or 482m². The below map shows the location of THE GRASMERE, 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 GRASMERE). 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 GRASMERE?

THE GRASMERE is located in HOMER, in the TF13 postcode district. The below map shows the position of THE GRASMERE in HOMER.