FAIRACRE, VILLA LANE, BICTON, SHREWSBURY, SY3 8EG - £275,000

FAIRACRE is a midsized extended detached house of 121m², built sometime between 1950 and 1966. It was last sold for £275,000 in August 2016, which was around 4% below the average August 2016 detached price in the Shropshire local authority area. The most recent EPC inspection was October 2008, where the current energy rating was E, and the potential energy rating was D.

FAIRACRE Sold Prices

Land registry data shows two sales for FAIRACRE 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 FAIRACRE 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
2016 26 AUG	£275,000	£287,287	4% below HPI
2005 21 DEC	£225,000	£243,781	8% below HPI

FAIRACRE 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 FAIRACRE sales from December 2005 and August 2016 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 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the August 2016 sale, where it rises to 4% below the HPI. The line then continues to track at 4% below the HPI.

How Large is FAIRACRE?

FAIRACRE is 121m², which includes one extension, according to the EPC inspection conducted in October 2008. This puts it in the smallest 50% of detached houses in Bicton, based on EPC data. The below chart shows the distribution of detached houses by size in Bicton, and where FAIRACRE lies on this distribution: 43% of detached houses are smaller than FAIRACRE, and 57% of houses are larger. Note that EPC data is not available for all properties in Bicton.

FAIRACRE: Plot and Title Map

FAIRACRE sits on a plot of roughly 0.204 of an acre, or 825m². The below map shows the location of FAIRACRE, 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 FAIRACRE). 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 FAIRACRE?

FAIRACRE is located on VILLA LANE in BICTON, in the SY3 postcode district. The below map shows the position of FAIRACRE on VILLA LANE.