WEST BANK, FORD, SHREWSBURY, SY5 9LZ - £155,000

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.

WEST BANK is a very small detached house of 84m², built sometime between 1950 and 1966, which could now be worth an estimated £199,319. It was last sold for £155,000 in August 2020, which was around 52% below the average August 2020 detached price in the Shropshire local authority area. The most recent EPC inspection was January 2013, where the current energy rating was F, and the potential energy rating was B.

WEST BANK Sold Prices

Land registry data shows two sales for WEST BANK 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. Both of the two WEST BANK 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
2020 17 AUG	£155,000	£324,500	52% below HPI
2014 16 JUN	£132,500	£265,498	50% below HPI

WEST BANK 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 WEST BANK sales from June 2014 and August 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 June 2014 sale was for 50% below the HPI. So the extrapolation line tracks at 50% below the HPI over time, until the August 2020 sale, where it falls to 52% below the HPI. The line then continues to track at 52% below the HPI.

What might WEST BANK be worth now?

WEST BANK might now be worth an estimated £199,319.

This is based on house price inflation of 28.6%, between August 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 28.6% inflationary increase is applied to the most recent sale price for WEST BANK of £155,000 on 17th August 2020. For the value to have increased from £155,000 to £199,319 over the five years and six months to February 2025, the following assumptions must hold true:

• The value of WEST BANK has moved in line with the HPI for detached houses in the Shropshire local authority area.
• The August 2020 sale price of £155,000 represented a fair market value for the property.
• The size, condition, and specification of WEST BANK has not materially changed since August 2020.

How Large is WEST BANK?

WEST BANK is 84m² according to the EPC inspection conducted in January 2013. This puts it in the smallest 10% of detached houses houses in Ford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ford, and where WEST BANK lies on this distribution: 7% of detached houses houses are smaller than WEST BANK, and 93% of houses are larger. Note that EPC data is not available for all properties in Ford.

WEST BANK: Plot and Title Map

WEST BANK sits on a plot of roughly 0.332 of an acre, or 1,345m². The below map shows the location of WEST BANK, 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 WEST BANK). 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 WEST BANK?

WEST BANK is located in FORD, in the SY5 postcode district. The below map shows the position of WEST BANK in FORD.