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

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

2 MELTON WAY is a very small extended detached house of 80m², built sometime between 1983 and 1990. It was last sold for £250,000 in May 2017, which was around 14% 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	£291,056	14% below HPI
2003 28 NOV	£157,500	£203,664	23% 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 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the May 2017 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

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 in Shrewsbury, based on EPC data. The below chart shows the distribution of detached houses by size in Shrewsbury, and where 2 MELTON WAY lies on this distribution: 11% of detached houses are smaller than 2 MELTON WAY, and 88% 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.