3, THE REDLANDS, LAUNDRY LANE, SHREWSBURY, SY2 6ER - £423,000

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 THE REDLANDS is a large extended detached house of 146m², built sometime between 1983 and 1990, which could now be worth an estimated £594,900. It was last sold for £423,000 in September 2016, which was around 43% above the average September 2016 detached price in the Shropshire local authority area. The most recent EPC inspection was July 2015, where the current energy rating was D, and the potential energy rating was C.

3 THE REDLANDS Sold Prices

Land registry data shows two sales for 3 THE REDLANDS 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 THE REDLANDS sales were for above 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
2016 30 SEP	£423,000	£296,708	43% above HPI
2002 14 AUG	£297,500	£170,542	74% above HPI

3 THE REDLANDS 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 THE REDLANDS sales from August 2002 and September 2016 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 2002 sale was for 74% above the HPI. So the extrapolation line tracks at 74% above the HPI over time, until the September 2016 sale, where it falls to 43% above the HPI. The line then continues to track at 43% above the HPI.

What might 3 THE REDLANDS be worth now?

3 THE REDLANDS might now be worth an estimated £594,900.

This is based on house price inflation of 40.6%, between September 2016 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 40.6% inflationary increase is applied to the most recent sale price for 3 THE REDLANDS of £423,000 on 30th September 2016. For the value to have increased from £423,000 to £594,900 over the nine years and seven months to February 2025, the following assumptions must hold true:

• The value of 3 THE REDLANDS has moved in line with the HPI for detached houses in the Shropshire local authority area.
• The September 2016 sale price of £423,000 represented a fair market value for the property.
• The size, condition, and specification of 3 THE REDLANDS has not materially changed since September 2016.

How Large is 3 THE REDLANDS?

3 THE REDLANDS is 146m², which includes one extension, according to the EPC inspection conducted in July 2015. This puts it in the largest 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 3 THE REDLANDS lies on this distribution: 78% of detached houses houses are smaller than 3 THE REDLANDS, and 21% of houses are larger. Note that EPC data is not available for all properties in Shrewsbury.

3 THE REDLANDS: Plot and Title Map

3 THE REDLANDS sits on a plot of roughly 0.257 of an acre, or 1,041m². The below map shows the location of 3 THE REDLANDS, 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 THE REDLANDS). 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 THE REDLANDS?

3 THE REDLANDS is located on LAUNDRY LANE in SHREWSBURY, in the SY2 postcode district. The below map shows the position of 3 THE REDLANDS on LAUNDRY LANE.