THE RED HOUSE, BICTON LANE, BICTON, SHREWSBURY, SY3 8EU - £690,000

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 RED HOUSE is a very large extended detached house of 294m², built sometime between 1900 and 1929. It was last sold for £690,000 in December 2015, which was around 148% above the average December 2015 detached price in the Shropshire local authority area. The most recent EPC inspection was June 2018, where the current energy rating was E, and the potential energy rating was C.

THE RED HOUSE Sold Prices

Land registry data shows three sales for THE RED HOUSE 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 RED 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
2015 11 DEC	£690,000	£277,669	148% above HPI
2003 26 SEP	£585,000	£200,319	192% above HPI
1998 10 JUL	£260,000	£96,426	170% above HPI

THE RED 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 three THE RED HOUSE sales between July 1998 and December 2015 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 September 2003 sale was for 192% above the HPI. So the extrapolation line tracks at 192% above the HPI over time, until the December 2015 sale, where it falls to 148% above the HPI. The line then continues to track at 148% above the HPI.

How Large is THE RED HOUSE?

THE RED HOUSE is 294m², which includes two extensions, according to the EPC inspection conducted in June 2018. This puts it in the largest 10% of detached houses in Bicton, based on EPC data. The below chart shows the distribution of detached houses by size in Bicton, and where THE RED HOUSE lies on this distribution: 98% of detached houses are smaller than THE RED HOUSE, and 2% of houses are larger. Note that EPC data is not available for all properties in Bicton.

THE RED HOUSE: Plot and Title Map

THE RED HOUSE sits on a plot of roughly 1.6 acres, or 6,606m². The below map shows the location of THE RED 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 RED 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 RED HOUSE?

THE RED HOUSE is located on BICTON LANE in BICTON, in the SY3 postcode district. The below map shows the position of THE RED HOUSE on BICTON LANE.