7, GRANGE LANE, CONDOVER, SHREWSBURY, SY5 7BE - £275,000

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.

7 GRANGE LANE is a small detached house of 118m², built sometime between 1967 and 1975, which could now be worth an estimated £357,887. It was last sold for £275,000 in October 2018, which was around 14% below the average October 2018 detached price in the Shropshire local authority area. The most recent EPC inspection was April 2011, where the current energy rating was C, and the potential energy rating was C.

7 GRANGE LANE Sold Prices

Land registry data shows three sales for 7 GRANGE LANE 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. All of the three 7 GRANGE 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
2018 16 OCT	£275,000	£320,641	14% below HPI
2012 17 DEC	£235,000	£257,835	9% below HPI
2011 13 JUL	£242,500	£254,729	5% below HPI

7 GRANGE 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 three 7 GRANGE LANE sales between July 2011 and October 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 December 2012 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the October 2018 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 7 GRANGE LANE be worth now?

7 GRANGE LANE might now be worth an estimated £357,887.

This is based on house price inflation of 30.1%, between October 2018 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 30.1% inflationary increase is applied to the most recent sale price for 7 GRANGE LANE of £275,000 on 16th October 2018. For the value to have increased from £275,000 to £357,887 over the seven years and eight months to February 2025, the following assumptions must hold true:

• The value of 7 GRANGE LANE has moved in line with the HPI for detached houses in the Shropshire local authority area.
• The October 2018 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of 7 GRANGE LANE has not materially changed since October 2018.

How Large is 7 GRANGE LANE?

7 GRANGE LANE is 118m² according to the EPC inspection conducted in April 2011. This puts it in the smallest 40% of detached houses houses in Condover, based on EPC data. The below chart shows the distribution of detached houses houses by size in Condover, and where 7 GRANGE LANE lies on this distribution: 31% of detached houses houses are smaller than 7 GRANGE LANE, and 69% of houses are larger. Note that EPC data is not available for all properties in Condover.

7 GRANGE LANE: Plot and Title Map

7 GRANGE LANE sits on a plot of roughly 0.101 of an acre, or 407m². The below map shows the location of 7 GRANGE 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 7 GRANGE 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 7 GRANGE LANE?

7 GRANGE LANE is located in CONDOVER, in the SY5 postcode district. The below map shows the position of No. 7 on GRANGE LANE.