THREE OAKS, THE BANK, PONTESBURY, SHREWSBURY, SY5 0XX - £275,000

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

THREE OAKS is a very small detached house of 60m², built sometime between 1996 and 2002. It was last sold for £275,000 in November 2023, which was around 30% below the average November 2023 detached price in the Shropshire local authority area. The most recent EPC inspection was February 2017, where the current energy rating was C, and the potential energy rating was B.

THREE OAKS Sold Prices

Land registry data shows four sales for THREE OAKS 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 THREE OAKS 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
2023 9 NOV	£275,000	£394,189	30% below HPI
2017 15 JUN	£196,000	£289,363	32% below HPI
1999 20 AUG	£67,000	£107,795	38% below HPI
1997 19 DEC	£58,000	£94,298	38% below HPI

THREE OAKS 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 THREE OAKS sales between December 1997 and November 2023 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 June 2017 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the November 2023 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is THREE OAKS?

THREE OAKS is 60m² according to the EPC inspection conducted in February 2017. This puts it in the smallest 10% of detached houses in Pontesbury, based on EPC data. The below chart shows the distribution of detached houses by size in Pontesbury, and where THREE OAKS lies on this distribution: 1% of detached houses are smaller than THREE OAKS, and 99% of houses are larger. Note that EPC data is not available for all properties in Pontesbury.

THREE OAKS: Plot and Title Map

THREE OAKS sits on a plot of roughly 0.080 of an acre, or 322m². The below map shows the location of THREE OAKS, 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 THREE OAKS). 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 THREE OAKS?

THREE OAKS is located on THE BANK in PONTESBURY, in the SY5 postcode district. The below map shows the position of THREE OAKS on THE BANK.