7, POST OFFICE LANE, HANWOOD, SHREWSBURY, SY5 8LR - £650,000

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

7 POST OFFICE LANE is a very large extended detached house of 214m², built sometime before 1900. It was last sold for £650,000 in June 2021, which was around 90% above the average June 2021 detached price in the Shropshire local authority area. The most recent EPC inspection was November 2020, where the current energy rating was D, and the potential energy rating was C.

7 POST OFFICE LANE Sold Prices

Land registry data shows two sales for 7 POST OFFICE LANE 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. One of the two 7 POST OFFICE LANE sales was for above the average price, whilst the other 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
2021 30 JUN	£650,000	£341,731	90% above HPI
2014 6 JAN	£220,000	£252,870	13% below HPI

7 POST OFFICE 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 two 7 POST OFFICE LANE sales from January 2014 and June 2021 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 January 2014 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the June 2021 sale, where it rises to 90% above the HPI. The line then continues to track at 90% above the HPI.

How Large is 7 POST OFFICE LANE?

7 POST OFFICE LANE is 214m², which includes three extensions, according to the EPC inspection conducted in November 2020. This puts it in the largest 10% of detached houses in Hanwood, based on EPC data. The below chart shows the distribution of detached houses by size in Hanwood, and where 7 POST OFFICE LANE lies on this distribution: 94% of detached houses are smaller than 7 POST OFFICE LANE, and 6% of houses are larger. Note that EPC data is not available for all properties in Hanwood.

7 POST OFFICE LANE: Plot and Title Map

7 POST OFFICE LANE sits on a plot of roughly 0.662 of an acre, or 2,680m². The below map shows the location of 7 POST OFFICE 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 POST OFFICE 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 POST OFFICE LANE?

7 POST OFFICE LANE is located in HANWOOD, in the SY5 postcode district. The below map shows the position of No. 7 on POST OFFICE LANE.