WILLOW BANK, MORETON STREET, PREES, WHITCHURCH, SY13 2EF - £480,000

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.

WILLOW BANK is a small detached house of 104m², built sometime between 1996 and 2002, which could now be worth an estimated £500,332. It was last sold for £480,000 in September 2022, which was around 20% above the average September 2022 detached price in the Shropshire local authority area. The most recent EPC inspection was October 2008, where the current energy rating was D, and the potential energy rating was D.

WILLOW BANK Sold Prices

Land registry data shows four sales for WILLOW BANK 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. two of the four WILLOW BANK sales were for above the average price, and four 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
2022 21 SEP	£480,000	£400,328	20% above HPI
2010 15 SEP	£268,000	£270,787	1% below HPI
2001 19 FEB	£164,950	£128,756	28% above HPI
2000 23 NOV	£85,000	£131,911	36% below HPI

WILLOW 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 four WILLOW BANK sales between November 2000 and September 2022 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 2010 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the September 2022 sale, where it rises to 20% above the HPI. The line then continues to track at 20% above the HPI.

What might WILLOW BANK be worth now?

WILLOW BANK might now be worth an estimated £500,332.

This is based on house price inflation of 4.2%, between September 2022 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 4.2% inflationary increase is applied to the most recent sale price for WILLOW BANK of £480,000 on 21st September 2022. For the value to have increased from £480,000 to £500,332 over the three years and seven months to February 2025, the following assumptions must hold true:

• The value of WILLOW BANK has moved in line with the HPI for detached houses in the Shropshire local authority area.
• The September 2022 sale price of £480,000 represented a fair market value for the property.
• The size, condition, and specification of WILLOW BANK has not materially changed since September 2022.

How Large is WILLOW BANK?

WILLOW BANK is 104m² according to the EPC inspection conducted in October 2008. This puts it in the smallest 30% of detached houses houses in Prees, based on EPC data. The below chart shows the distribution of detached houses houses by size in Prees, and where WILLOW BANK lies on this distribution: 30% of detached houses houses are smaller than WILLOW BANK, and 70% of houses are larger. Note that EPC data is not available for all properties in Prees.

WILLOW BANK: Plot and Title Map

WILLOW BANK sits on a plot of roughly 0.142 of an acre, or 575m². The below map shows the location of WILLOW 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 WILLOW 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 WILLOW BANK?

WILLOW BANK is located on MORETON STREET in PREES, in the SY13 postcode district. The below map shows the position of WILLOW BANK on MORETON STREET.