2, MELTON WAY, SHREWSBURY, SY3 6DW - £250,000

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.

2 MELTON WAY is a very small extended detached house of 80m², built sometime between 1983 and 1990, which could now be worth an estimated £348,685. It was last sold for £250,000 in May 2017, which was around 16% below the average May 2017 detached price in the Shropshire local authority area. The most recent EPC inspection was September 2023, where the current energy rating was C, and the potential energy rating was B.

2 MELTON WAY Sold Prices

Land registry data shows two sales for 2 MELTON WAY 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 2 MELTON WAY 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
2017 19 MAY	£250,000	£299,185	16% below HPI
2003 28 NOV	£157,500	£209,353	25% below HPI

2 MELTON WAY 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 2 MELTON WAY sales from November 2003 and May 2017 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 November 2003 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the May 2017 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 2 MELTON WAY be worth now?

2 MELTON WAY might now be worth an estimated £348,685.

This is based on house price inflation of 39.5%, between May 2017 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 39.5% inflationary increase is applied to the most recent sale price for 2 MELTON WAY of £250,000 on 19th May 2017. For the value to have increased from £250,000 to £348,685 over the eight years and three months to February 2025, the following assumptions must hold true:

• The value of 2 MELTON WAY has moved in line with the HPI for detached houses in the Shropshire local authority area.
• The May 2017 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MELTON WAY has not materially changed since May 2017.

How Large is 2 MELTON WAY?

2 MELTON WAY is 80m², which includes one extension, according to the EPC inspection conducted in September 2023. This puts it in the smallest 20% 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 2 MELTON WAY lies on this distribution: 11% of detached houses houses are smaller than 2 MELTON WAY, and 89% of houses are larger. Note that EPC data is not available for all properties in Shrewsbury.

2 MELTON WAY: Plot and Title Map

2 MELTON WAY sits on a plot of roughly 0.069 of an acre, or 279m². The below map shows the location of 2 MELTON WAY, 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 2 MELTON WAY). 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 2 MELTON WAY?

2 MELTON WAY is located in SHREWSBURY, in the SY3 postcode district. The below map shows the position of No. 2 on MELTON WAY.