3, CHESTNUT CLOSE, HANWOOD, SHREWSBURY, SY5 8RB - £337,500

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

3 CHESTNUT CLOSE is a large detached house of 141m², built sometime between 1976 and 1982. It was last sold for £337,500 in July 2018, which was around 10% above the average July 2018 detached price in the Shropshire local authority area. The most recent EPC inspection was February 2015, where the current energy rating was D, and the potential energy rating was B.

3 CHESTNUT CLOSE Sold Prices

Land registry data shows three sales for 3 CHESTNUT 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 Shropshire local authority area for the corresponding sale date. Two of the three 3 CHESTNUT CLOSE 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
2018 17 JUL	£337,500	£305,677	10% above HPI
2014 29 AUG	£270,000	£261,929	3% above HPI
2012 14 DEC	£224,000	£250,828	11% below HPI

3 CHESTNUT 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 three 3 CHESTNUT CLOSE sales between December 2012 and July 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 August 2014 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the July 2018 sale, where it rises to 10% above the HPI. The line then continues to track at 10% above the HPI.

How Large is 3 CHESTNUT CLOSE?

3 CHESTNUT CLOSE is 141m² according to the EPC inspection conducted in February 2015. This puts it in the largest 30% of detached houses in Hanwood, based on EPC data. The below chart shows the distribution of detached houses by size in Hanwood, and where 3 CHESTNUT CLOSE lies on this distribution: 71% of detached houses are smaller than 3 CHESTNUT CLOSE, and 28% of houses are larger. Note that EPC data is not available for all properties in Hanwood.

3 CHESTNUT CLOSE: Plot and Title Map

3 CHESTNUT CLOSE sits on a plot of roughly 0.101 of an acre, or 410m². The below map shows the location of 3 CHESTNUT 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 3 CHESTNUT 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 3 CHESTNUT CLOSE?

3 CHESTNUT CLOSE is located in HANWOOD, in the SY5 postcode district. The below map shows the position of No. 3 on CHESTNUT CLOSE.