2, SHETLAND CLOSE, WORCESTER, WR3 8QG - £372,000

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

2 SHETLAND CLOSE is a midsized extended detached house of 110m², built sometime between 1983 and 1990. It was last sold for £372,000 in July 2023, which was around 7% below the average July 2023 detached price in the Worcester local authority area. The most recent EPC inspection was May 2014, where the current energy rating was C, and the potential energy rating was B.

2 SHETLAND CLOSE Sold Prices

Land registry data shows three sales for 2 SHETLAND CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Worcester local authority area for the corresponding sale date. All of the three 2 SHETLAND 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
2023 10 JUL	£372,000	£401,788	7% below HPI
2014 18 JUL	£250,000	£279,956	11% below HPI
1996 31 DEC	£78,600	£86,771	9% below HPI

2 SHETLAND CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Worcester local authority area over time, sourced from the HPI. The three 2 SHETLAND CLOSE sales between December 1996 and July 2023 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 July 2014 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the July 2023 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is 2 SHETLAND CLOSE?

2 SHETLAND CLOSE is 110m², which includes two extensions, according to the EPC inspection conducted in May 2014. This puts it in the smallest 50% of detached houses in Worcester, based on EPC data. The below chart shows the distribution of detached houses by size in Worcester, and where 2 SHETLAND CLOSE lies on this distribution: 47% of detached houses are smaller than 2 SHETLAND CLOSE, and 51% of houses are larger. Note that EPC data is not available for all properties in Worcester.

2 SHETLAND CLOSE: Plot and Title Map

2 SHETLAND CLOSE sits on a plot of roughly 0.065 of an acre, or 265m². The below map shows the location of 2 SHETLAND 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 2 SHETLAND 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 2 SHETLAND CLOSE?

2 SHETLAND CLOSE is located in WORCESTER, in the WR3 postcode district. The below map shows the position of No. 2 on SHETLAND CLOSE.