WELLSPRING, FIELD HOUSE DRIVE, SHREWSBURY, SY3 9HJ - £1,125,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

WELLSPRING is a very large extended detached house of 340m², built sometime between 1967 and 1975. It was last sold for £1,125,000 in September 2023, which was around 186% above the average September 2023 detached price in the Shropshire local authority area. The most recent EPC inspection was February 2023, where the current energy rating was C, and the potential energy rating was B.

WELLSPRING Sold Prices

Land registry data shows three sales for WELLSPRING 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 WELLSPRING 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
2023 7 SEP	£1,125,000	£392,797	186% above HPI
2019 21 AUG	£518,500	£306,941	69% above HPI
2006 21 JUN	£475,000	£254,316	87% above HPI

WELLSPRING 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 WELLSPRING sales between June 2006 and September 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 August 2019 sale was for 69% above the HPI. So the extrapolation line tracks at 69% above the HPI over time, until the September 2023 sale, where it rises to 186% above the HPI. The line then continues to track at 186% above the HPI.

How Large is WELLSPRING?

WELLSPRING is 340m², which includes four extensions, according to the EPC inspection conducted in February 2023. This puts it in the largest 10% of detached houses in Shrewsbury, based on EPC data. The below chart shows the distribution of detached houses by size in Shrewsbury, and where WELLSPRING lies on this distribution: 99% of detached houses are smaller than WELLSPRING, and 1% of houses are larger. Note that EPC data is not available for all properties in Shrewsbury.

WELLSPRING: Plot and Title Map

WELLSPRING sits on a plot of roughly 0.264 of an acre, or 1,067m². The below map shows the location of WELLSPRING, 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 WELLSPRING). 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 WELLSPRING?

WELLSPRING is located on FIELD HOUSE DRIVE in SHREWSBURY, in the SY3 postcode district. The below map shows the position of WELLSPRING on FIELD HOUSE DRIVE.