9, ORIEL WAY, SHREWSBURY, SY3 6AS - £275,000

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

9 ORIEL WAY is a very small extended detached house of 74m², built sometime between 1976 and 1982. It was last sold for £275,000 in September 2023, which was around 30% below the average September 2023 detached price in the Shropshire local authority area. The most recent EPC inspection was March 2017, where the current energy rating was C, and the potential energy rating was B.

9 ORIEL WAY Sold Prices

Land registry data shows two sales for 9 ORIEL WAY 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 9 ORIEL 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
2023 22 SEP	£275,000	£393,176	30% below HPI
2003 7 MAR	£154,000	£187,340	18% below HPI

9 ORIEL 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 two 9 ORIEL WAY sales from March 2003 and September 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 March 2003 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the September 2023 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 9 ORIEL WAY?

9 ORIEL WAY is 74m², which includes one extension, according to the EPC inspection conducted in March 2017. This puts it in the smallest 10% of detached houses in Shrewsbury, based on EPC data. The below chart shows the distribution of detached houses by size in Shrewsbury, and where 9 ORIEL WAY lies on this distribution: 7% of detached houses are smaller than 9 ORIEL WAY, and 93% of houses are larger. Note that EPC data is not available for all properties in Shrewsbury.

9 ORIEL WAY: Plot and Title Map

9 ORIEL WAY sits on a plot of roughly 0.078 of an acre, or 317m². The below map shows the location of 9 ORIEL 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 9 ORIEL 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 9 ORIEL WAY?

9 ORIEL WAY is located in SHREWSBURY, in the SY3 postcode district. The below map shows the position of No. 9 on ORIEL WAY.