18, FAIRNESS CLOSE, SHREWSBURY, SY2 5YE - £232,500

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.

18 FAIRNESS CLOSE is a very small detached house of 59m², built sometime between 1967 and 1975, which could now be worth an estimated £279,700. It was last sold for £232,500 in February 2021, which was around 33% below the average February 2021 detached price in the Shropshire local authority area. The most recent EPC inspection was November 2020, where the current energy rating was D, and the potential energy rating was B.

18 FAIRNESS CLOSE Sold Prices

Land registry data shows two sales for 18 FAIRNESS 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 18 FAIRNESS 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
2021 19 FEB	£232,500	£346,867	33% below HPI
2010 19 APR	£165,000	£260,485	37% below HPI

18 FAIRNESS 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 18 FAIRNESS CLOSE sales from April 2010 and February 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 April 2010 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the February 2021 sale, where it rises to 33% below the HPI. The line then continues to track at 33% below the HPI.

What might 18 FAIRNESS CLOSE be worth now?

18 FAIRNESS CLOSE might now be worth an estimated £279,700.

This is based on house price inflation of 20.3%, between February 2021 and February 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 20.3% inflationary increase is applied to the most recent sale price for 18 FAIRNESS CLOSE of £232,500 on 19th February 2021. For the value to have increased from £232,500 to £279,700 over the four years to February 2025, the following assumptions must hold true:

• The value of 18 FAIRNESS CLOSE has moved in line with the HPI for detached houses in the Shropshire local authority area.
• The February 2021 sale price of £232,500 represented a fair market value for the property.
• The size, condition, and specification of 18 FAIRNESS CLOSE has not materially changed since February 2021.

How Large is 18 FAIRNESS CLOSE?

18 FAIRNESS CLOSE is 59m² according to the EPC inspection conducted in November 2020. This puts it in the smallest 10% of detached houses houses in Shrewsbury, based on EPC data. The below chart shows the distribution of detached houses houses by size in Shrewsbury, and where 18 FAIRNESS CLOSE lies on this distribution: 2% of detached houses houses are smaller than 18 FAIRNESS CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Shrewsbury.

18 FAIRNESS CLOSE: Plot and Title Map

18 FAIRNESS CLOSE sits on a plot of roughly 0.093 of an acre, or 376m². The below map shows the location of 18 FAIRNESS 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 18 FAIRNESS 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 18 FAIRNESS CLOSE?

18 FAIRNESS CLOSE is located in SHREWSBURY, in the SY2 postcode district. The below map shows the position of No. 18 on FAIRNESS CLOSE.