8, FORGE WAY, DORRINGTON, SHREWSBURY, SY5 7HQ - £250,000

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 FORGE WAY is a very small detached house of 79m², built sometime between 2003 and 2006. It was last sold for £250,000 in December 2021, which was around 30% below the average December 2021 detached price in the Shropshire local authority area. The most recent EPC inspection was June 2013, where the current energy rating was C, and the potential energy rating was B.

8 FORGE WAY Sold Prices

Land registry data shows three sales for 8 FORGE WAY 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 8 FORGE WAY 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
2021 3 DEC	£250,000	£358,369	30% below HPI
2013 22 NOV	£182,000	£252,975	28% below HPI
2004 4 OCT	£185,000	£239,044	23% below HPI

8 FORGE WAY 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 8 FORGE WAY sales between October 2004 and December 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 November 2013 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the December 2021 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 8 FORGE WAY?

8 FORGE WAY is 79m² according to the EPC inspection conducted in June 2013. This puts it in the smallest 20% of detached houses in Dorrington, based on EPC data. The below chart shows the distribution of detached houses by size in Dorrington, and where 8 FORGE WAY lies on this distribution: 20% of detached houses are smaller than 8 FORGE WAY, and 80% of houses are larger. Note that EPC data is not available for all properties in Dorrington.

8 FORGE WAY: Plot and Title Map

8 FORGE WAY sits on a plot of roughly 0.066 of an acre, or 265m². The below map shows the location of 8 FORGE WAY, 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 FORGE WAY). 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 FORGE WAY?

8 FORGE WAY is located in DORRINGTON, in the SY5 postcode district. The below map shows the position of No. 8 on FORGE WAY.