1, MORGAN SPRINGS, OLDBURY, BRIDGNORTH, WV16 5JS - £797,500

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.

1 MORGAN SPRINGS is a very large detached house of 294m², built sometime between 2003 and 2006, which could now be worth an estimated £933,543. It was last sold for £797,500 in October 2021, which was around 121% above the average October 2021 detached price in the Shropshire local authority area. The most recent EPC inspection was June 2012, where the current energy rating was C, and the potential energy rating was B.

1 MORGAN SPRINGS Sold Prices

Land registry data shows three sales for 1 MORGAN SPRINGS 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 1 MORGAN SPRINGS 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
2021 29 OCT	£797,500	£360,245	121% above HPI
2005 2 DEC	£470,000	£250,591	88% above HPI
2003 18 DEC	£495,000	£213,110	132% above HPI

1 MORGAN SPRINGS 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 1 MORGAN SPRINGS sales between December 2003 and October 2021 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 December 2005 sale was for 88% above the HPI. So the extrapolation line tracks at 88% above the HPI over time, until the October 2021 sale, where it rises to 121% above the HPI. The line then continues to track at 121% above the HPI.

What might 1 MORGAN SPRINGS be worth now?

1 MORGAN SPRINGS might now be worth an estimated £933,543.

This is based on house price inflation of 17.1%, between October 2021 and March 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 17.1% inflationary increase is applied to the most recent sale price for 1 MORGAN SPRINGS of £797,500 on 29th October 2021. For the value to have increased from £797,500 to £933,543 over the four years and seven months to March 2025, the following assumptions must hold true:

• The value of 1 MORGAN SPRINGS has moved in line with the HPI for detached houses in the Shropshire local authority area.
• The October 2021 sale price of £797,500 represented a fair market value for the property.
• The size, condition, and specification of 1 MORGAN SPRINGS has not materially changed since October 2021.

How Large is 1 MORGAN SPRINGS?

1 MORGAN SPRINGS is 294m² according to the EPC inspection conducted in June 2012. This puts it in the largest 10% of detached houses houses in Bridgnorth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bridgnorth, and where 1 MORGAN SPRINGS lies on this distribution: 99% of detached houses houses are smaller than 1 MORGAN SPRINGS, and 1% of houses are larger. Note that EPC data is not available for all properties in Bridgnorth.

1 MORGAN SPRINGS: Plot and Title Map

1 MORGAN SPRINGS sits on a plot of roughly 0.185 of an acre, or 749m². The below map shows the location of 1 MORGAN SPRINGS, 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 1 MORGAN SPRINGS). 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 1 MORGAN SPRINGS?

1 MORGAN SPRINGS is located in OLDBURY, in the WV16 postcode district. The below map shows the position of No. 1 on MORGAN SPRINGS.