2, PENNYWELL, SHREWSBURY, SY3 8BY - £407,500

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.

2 PENNYWELL is a midsized extended detached house of 112m², built sometime between 1996 and 2002, which could now be worth an estimated £492,642. It was last sold for £407,500 in December 2020, which was around 18% above the average December 2020 detached price in the Shropshire local authority area. The most recent EPC inspection was May 2015, where the current energy rating was D, and the potential energy rating was B.

2 PENNYWELL Sold Prices

Land registry data shows three sales for 2 PENNYWELL since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Shropshire local authority area for the corresponding sale date. Two of the three 2 PENNYWELL sales were for above the average price, whilst one 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 8 DEC	£407,500	£345,167	18% above HPI
2014 6 FEB	£245,000	£259,178	5% below HPI
1997 28 FEB	£110,000	£88,973	24% above HPI

2 PENNYWELL 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 three 2 PENNYWELL sales between February 1997 and December 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 February 2014 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the December 2020 sale, where it rises to 18% above the HPI. The line then continues to track at 18% above the HPI.

What might 2 PENNYWELL be worth now?

2 PENNYWELL might now be worth an estimated £492,642.

This is based on house price inflation of 20.9%, between December 2020 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 20.9% inflationary increase is applied to the most recent sale price for 2 PENNYWELL of £407,500 on 8th December 2020. For the value to have increased from £407,500 to £492,642 over the five years and ten months to February 2025, the following assumptions must hold true:

• The value of 2 PENNYWELL has moved in line with the HPI for detached houses in the Shropshire local authority area.
• The December 2020 sale price of £407,500 represented a fair market value for the property.
• The size, condition, and specification of 2 PENNYWELL has not materially changed since December 2020.

How Large is 2 PENNYWELL?

2 PENNYWELL is 112m², which includes one extension, according to the EPC inspection conducted in May 2015. This puts it in the smallest 50% 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 PENNYWELL lies on this distribution: 45% of detached houses houses are smaller than 2 PENNYWELL, and 53% of houses are larger. Note that EPC data is not available for all properties in Shrewsbury.

2 PENNYWELL: Plot and Title Map

2 PENNYWELL sits on a plot of roughly 0.083 of an acre, or 335m². The below map shows the location of 2 PENNYWELL, 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 PENNYWELL). 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 PENNYWELL?

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