3, THE REDLANDS, LAUNDRY LANE, SHREWSBURY, SY2 6ER - £423,000

3 THE REDLANDS is a large extended detached house of 146m², built sometime between 1983 and 1990. It was last sold for £423,000 in September 2016, which was around 47% above the average September 2016 detached price in the Shropshire local authority area. The most recent EPC inspection was July 2015, where the current energy rating was D, and the potential energy rating was C.

3 THE REDLANDS Sold Prices

Land registry data shows two sales for 3 THE REDLANDS 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 3 THE REDLANDS 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
2016 30 SEP	£423,000	£288,646	47% above HPI
2002 14 AUG	£297,500	£165,908	79% above HPI

3 THE REDLANDS 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 3 THE REDLANDS sales from August 2002 and September 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 August 2002 sale was for 79% above the HPI. So the extrapolation line tracks at 79% above the HPI over time, until the September 2016 sale, where it falls to 47% above the HPI. The line then continues to track at 47% above the HPI.

How Large is 3 THE REDLANDS?

3 THE REDLANDS is 146m², which includes one extension, according to the EPC inspection conducted in July 2015. This puts it in the largest 30% of detached houses in Shrewsbury, based on EPC data. The below chart shows the distribution of detached houses by size in Shrewsbury, and where 3 THE REDLANDS lies on this distribution: 78% of detached houses are smaller than 3 THE REDLANDS, and 22% of houses are larger. Note that EPC data is not available for all properties in Shrewsbury.

3 THE REDLANDS: Plot and Title Map

3 THE REDLANDS sits on a plot of roughly 0.257 of an acre, or 1,041m². The below map shows the location of 3 THE REDLANDS, 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 3 THE REDLANDS). 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 3 THE REDLANDS?

3 THE REDLANDS is located on LAUNDRY LANE in SHREWSBURY, in the SY2 postcode district. The below map shows the position of 3 THE REDLANDS on LAUNDRY LANE.