2, SUMMIT CLOSE, SHREWSBURY, SY3 7TD - £225,000

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 SUMMIT CLOSE is a very small detached house of 73m², built sometime between 1967 and 1975. It was last sold for £225,000 in December 2018, which was around 27% below the average December 2018 detached price in the Shropshire local authority area. The most recent EPC inspection was June 2012, where the current energy rating was C, and the potential energy rating was B.

2 SUMMIT CLOSE Sold Prices

Land registry data shows two sales for 2 SUMMIT 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 2 SUMMIT 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
2018 17 DEC	£225,000	£307,917	27% below HPI
2013 7 OCT	£180,000	£256,647	30% below HPI

2 SUMMIT 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 2 SUMMIT CLOSE sales from October 2013 and December 2018 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 October 2013 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the December 2018 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 2 SUMMIT CLOSE?

2 SUMMIT CLOSE is 73m² according to the EPC inspection conducted in June 2012. This puts it in the smallest 10% 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 SUMMIT CLOSE lies on this distribution: 6% of detached houses are smaller than 2 SUMMIT CLOSE, and 93% of houses are larger. Note that EPC data is not available for all properties in Shrewsbury.

2 SUMMIT CLOSE: Plot and Title Map

2 SUMMIT CLOSE sits on a plot of roughly 8.3 acres, or 33,616m². The below map shows the location of 2 SUMMIT 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 SUMMIT 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 SUMMIT CLOSE?

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