THE PATCH, WORTHEN, SHREWSBURY, SY5 9HN - £647,500

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.

THE PATCH is a very large extended detached house of 243m², built sometime between 1950 and 1966, which could now be worth an estimated £840,432. It was last sold for £647,500 in July 2020, which was around 101% above the average July 2020 detached price in the Shropshire local authority area. The most recent EPC inspection was March 2020, where the current energy rating was D, and the potential energy rating was C.

THE PATCH Sold Prices

Land registry data shows two sales for THE PATCH 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 THE PATCH 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
2020 6 JUL	£647,500	£321,492	101% above HPI
2018 19 DEC	£220,000	£316,518	30% below HPI

THE PATCH 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 THE PATCH sales from December 2018 and July 2020 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 2018 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the July 2020 sale, where it rises to 101% above the HPI. The line then continues to track at 101% above the HPI.

What might THE PATCH be worth now?

THE PATCH might now be worth an estimated £840,432.

This is based on house price inflation of 29.8%, between July 2020 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 29.8% inflationary increase is applied to the most recent sale price for THE PATCH of £647,500 on 6th July 2020. For the value to have increased from £647,500 to £840,432 over the five years and five months to February 2025, the following assumptions must hold true:

• The value of THE PATCH has moved in line with the HPI for detached houses in the Shropshire local authority area.
• The July 2020 sale price of £647,500 represented a fair market value for the property.
• The size, condition, and specification of THE PATCH has not materially changed since July 2020.

How Large is THE PATCH?

THE PATCH is 243m², which includes one extension, according to the EPC inspection conducted in March 2020. 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 THE PATCH lies on this distribution: 98% of detached houses houses are smaller than THE PATCH, and 2% of houses are larger. Note that EPC data is not available for all properties in Worthen.

THE PATCH: Plot and Title Map

THE PATCH sits on a plot of roughly 0.420 of an acre, or 1,699m². The below map shows the location of THE PATCH, 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 PATCH). 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 PATCH?

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