8, BEECH CLOSE, HANWOOD, SHREWSBURY, SY5 8RA - £375,000

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

8 BEECH CLOSE is a small detached house of 94m², built sometime between 1967 and 1975. It was last sold for £375,000 in February 2023, which was around 5% below the average February 2023 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 B.

8 BEECH CLOSE Sold Prices

Land registry data shows two sales for 8 BEECH 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 8 BEECH 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
2023 28 FEB	£375,000	£394,297	5% below HPI
2021 22 FEB	£255,000	£337,441	24% below HPI

8 BEECH 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 8 BEECH CLOSE sales from February 2021 and February 2023 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 February 2021 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the February 2023 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is 8 BEECH CLOSE?

8 BEECH CLOSE is 94m² according to the EPC inspection conducted in November 2020. This puts it in the smallest 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 8 BEECH CLOSE lies on this distribution: 25% of detached houses are smaller than 8 BEECH CLOSE, and 75% of houses are larger. Note that EPC data is not available for all properties in Hanwood.

8 BEECH CLOSE: Plot and Title Map

8 BEECH CLOSE sits on a plot of roughly 0.122 of an acre, or 493m². The below map shows the location of 8 BEECH 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 8 BEECH 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 8 BEECH CLOSE?

8 BEECH CLOSE is located in HANWOOD, in the SY5 postcode district. The below map shows the position of No. 8 on BEECH CLOSE.