22, LAUNDRY LANE, SHREWSBURY, SY2 6ER - £315,000

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.

22 LAUNDRY LANE is a small detached house of 98m², built sometime between 1967 and 1975, which could now be worth an estimated £348,940. It was last sold for £315,000 in February 2022, which was around 16% below the average February 2022 detached price in the Shropshire local authority area. The most recent EPC inspection was August 2021, where the current energy rating was D, and the potential energy rating was B.

22 LAUNDRY LANE Sold Prices

Land registry data shows four sales for 22 LAUNDRY LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Shropshire local authority area for the corresponding sale date. All of the four 22 LAUNDRY LANE 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
2022 1 FEB	£315,000	£376,697	16% below HPI
2007 5 OCT	£220,000	£287,876	24% below HPI
2005 15 SEP	£205,000	£250,813	18% below HPI
2001 8 MAY	£117,500	£134,606	13% below HPI

22 LAUNDRY LANE 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 four 22 LAUNDRY LANE sales between May 2001 and February 2022 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 2007 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the February 2022 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 22 LAUNDRY LANE be worth now?

22 LAUNDRY LANE might now be worth an estimated £348,940.

This is based on house price inflation of 10.8%, between February 2022 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 10.8% inflationary increase is applied to the most recent sale price for 22 LAUNDRY LANE of £315,000 on 1st February 2022. For the value to have increased from £315,000 to £348,940 over the three years to February 2025, the following assumptions must hold true:

• The value of 22 LAUNDRY LANE has moved in line with the HPI for detached houses in the Shropshire local authority area.
• The February 2022 sale price of £315,000 represented a fair market value for the property.
• The size, condition, and specification of 22 LAUNDRY LANE has not materially changed since February 2022.

How Large is 22 LAUNDRY LANE?

22 LAUNDRY LANE is 98m² according to the EPC inspection conducted in August 2021. This puts it in the smallest 30% 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 22 LAUNDRY LANE lies on this distribution: 28% of detached houses houses are smaller than 22 LAUNDRY LANE, and 71% of houses are larger. Note that EPC data is not available for all properties in Shrewsbury.

22 LAUNDRY LANE: Plot and Title Map

22 LAUNDRY LANE sits on a plot of roughly 0.083 of an acre, or 336m². The below map shows the location of 22 LAUNDRY LANE, 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 22 LAUNDRY LANE). 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 22 LAUNDRY LANE?

22 LAUNDRY LANE is located in SHREWSBURY, in the SY2 postcode district. The below map shows the position of No. 22 on LAUNDRY LANE.