THE OLD SCHOOL HOUSE, HOMER, MUCH WENLOCK, TF13 6NF - £850,000

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 OLD SCHOOL HOUSE is a very large extended detached house of 312m², built sometime before 1900. It was last sold for £850,000 in December 2022, which was around 114% above the average December 2022 detached price in the Shropshire local authority area. The most recent EPC inspection was March 2016, where the current energy rating was D, and the potential energy rating was C.

THE OLD SCHOOL HOUSE Sold Prices

Land registry data shows four sales for THE OLD SCHOOL HOUSE 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. All of the four THE OLD SCHOOL HOUSE 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
2022 8 DEC	£850,000	£396,573	114% above HPI
2016 2 DEC	£670,000	£291,047	130% above HPI
2006 24 JUL	£311,000	£257,734	21% above HPI
2004 19 NOV	£250,000	£236,912	6% above HPI

THE OLD SCHOOL HOUSE 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 THE OLD SCHOOL HOUSE sales between November 2004 and December 2022 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 December 2016 sale was for 130% above the HPI. So the extrapolation line tracks at 130% above the HPI over time, until the December 2022 sale, where it falls to 114% above the HPI. The line then continues to track at 114% above the HPI.

How Large is THE OLD SCHOOL HOUSE?

THE OLD SCHOOL HOUSE is 312m², which includes two extensions, according to the EPC inspection conducted in March 2016. This puts it in the largest 10% 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 OLD SCHOOL HOUSE lies on this distribution: 98% of detached houses are smaller than THE OLD SCHOOL HOUSE, and 3% of houses are larger. Note that EPC data is not available for all properties in Homer.

THE OLD SCHOOL HOUSE: Plot and Title Map

THE OLD SCHOOL HOUSE sits on a plot of roughly 0.281 of an acre, or 1,139m². The below map shows the location of THE OLD SCHOOL HOUSE, 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 OLD SCHOOL HOUSE). 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 OLD SCHOOL HOUSE?

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