3, REYNAULDS CLOSE, SHREWSBURY, SY2 5YT - £240,000

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.

3 REYNAULDS CLOSE is a small extended detached house of 100m², built sometime between 1976 and 1982, which could now be worth an estimated £350,084. It was last sold for £240,000 in October 2015, which was around 16% below the average October 2015 detached price in the Shropshire local authority area. The most recent EPC inspection was August 2014, where the current energy rating was C, and the potential energy rating was B.

3 REYNAULDS CLOSE Sold Prices

Land registry data shows two sales for 3 REYNAULDS 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 3 REYNAULDS 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
2015 1 OCT	£240,000	£286,070	16% below HPI
2008 27 MAR	£240,000	£275,615	13% below HPI

3 REYNAULDS 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 3 REYNAULDS CLOSE sales from March 2008 and October 2015 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 March 2008 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the October 2015 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 3 REYNAULDS CLOSE be worth now?

3 REYNAULDS CLOSE might now be worth an estimated £350,084.

This is based on house price inflation of 45.9%, between October 2015 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 45.9% inflationary increase is applied to the most recent sale price for 3 REYNAULDS CLOSE of £240,000 on 1st October 2015. For the value to have increased from £240,000 to £350,084 over the ten years and eight months to February 2025, the following assumptions must hold true:

• The value of 3 REYNAULDS CLOSE has moved in line with the HPI for detached houses in the Shropshire local authority area.
• The October 2015 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 3 REYNAULDS CLOSE has not materially changed since October 2015.

How Large is 3 REYNAULDS CLOSE?

3 REYNAULDS CLOSE is 100m², which includes one extension, according to the EPC inspection conducted in August 2014. This puts it in the smallest 40% 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 3 REYNAULDS CLOSE lies on this distribution: 30% of detached houses houses are smaller than 3 REYNAULDS CLOSE, and 68% of houses are larger. Note that EPC data is not available for all properties in Shrewsbury.

3 REYNAULDS CLOSE: Plot and Title Map

3 REYNAULDS CLOSE sits on a plot of roughly 0.068 of an acre, or 274m². The below map shows the location of 3 REYNAULDS 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 REYNAULDS 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 REYNAULDS CLOSE?

3 REYNAULDS CLOSE is located in SHREWSBURY, in the SY2 postcode district. The below map shows the position of No. 3 on REYNAULDS CLOSE.