FAIRWAY, CHAPEL LANE, BROSELEY, TF12 5HF - £330,000

FAIRWAY is a small extended detached house of 90m², built sometime between 1950 and 1966. It was last sold for £330,000 in October 2020, which was about the average October 2020 detached price in the Shropshire local authority area. The most recent EPC inspection was February 2014, where the current energy rating was D, and the potential energy rating was B.

FAIRWAY Sold Prices

Land registry data shows two sales for FAIRWAY 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. One of the two FAIRWAY sales was roughly equal to the average price, whilst the other was 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 7 OCT	£330,000	£330,930	Close to HPI
2002 5 JUL	£149,000	£160,697	7% below HPI

FAIRWAY 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 FAIRWAY sales from July 2002 and October 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 July 2002 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the October 2020 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

How Large is FAIRWAY?

FAIRWAY is 90m², which includes two extensions, according to the EPC inspection conducted in February 2014. This puts it in the smallest 40% of detached houses in Broseley, based on EPC data. The below chart shows the distribution of detached houses by size in Broseley, and where FAIRWAY lies on this distribution: 33% of detached houses are smaller than FAIRWAY, and 67% of houses are larger. Note that EPC data is not available for all properties in Broseley.

FAIRWAY: Plot and Title Map

FAIRWAY sits on a plot of roughly 0.116 of an acre, or 471m². The below map shows the location of FAIRWAY, 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 FAIRWAY). 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 FAIRWAY?

FAIRWAY is located on CHAPEL LANE in BROSELEY, in the TF12 postcode district. The below map shows the position of FAIRWAY on CHAPEL LANE.