10, CHESTNUT CLOSE, HANWOOD, SHREWSBURY, SY5 8RB - £195,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

10 CHESTNUT CLOSE is a very small detached house of 58m², built sometime between 1950 and 1966. It was last sold for £195,000 in August 2020, which was around 38% below the average August 2020 detached price in the Shropshire local authority area. The most recent EPC inspection was October 2016, where the current energy rating was C, and the potential energy rating was B.

10 CHESTNUT CLOSE Sold Prices

Land registry data shows two sales for 10 CHESTNUT CLOSE 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 10 CHESTNUT CLOSE 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
2020 21 AUG	£195,000	£315,682	38% below HPI
2017 1 DEC	£175,000	£298,013	41% below HPI

10 CHESTNUT CLOSE 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 10 CHESTNUT CLOSE sales from December 2017 and August 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 December 2017 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the August 2020 sale, where it rises to 38% below the HPI. The line then continues to track at 38% below the HPI.

How Large is 10 CHESTNUT CLOSE?

10 CHESTNUT CLOSE is 58m² according to the EPC inspection conducted in October 2016. This puts it in the smallest 10% of detached houses in Hanwood, based on EPC data. The below chart shows the distribution of detached houses by size in Hanwood, and where 10 CHESTNUT CLOSE lies on this distribution: 6% of detached houses are smaller than 10 CHESTNUT CLOSE, and 92% of houses are larger. Note that EPC data is not available for all properties in Hanwood.

10 CHESTNUT CLOSE: Plot and Title Map

10 CHESTNUT CLOSE sits on a plot of roughly 0.073 of an acre, or 297m². The below map shows the location of 10 CHESTNUT CLOSE, 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 10 CHESTNUT CLOSE). 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 10 CHESTNUT CLOSE?

10 CHESTNUT CLOSE is located in HANWOOD, in the SY5 postcode district. The below map shows the position of No. 10 on CHESTNUT CLOSE.