CHESTNUT HOUSE, CHAPEL PLACE, HARMER HILL, SHREWSBURY, SY4 3BE - £515,000

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.

CHESTNUT HOUSE is a very large detached house of 241m², which could now be worth an estimated £619,551. It was last sold for £515,000 in February 2021, which was around 48% above the average February 2021 detached price in the Shropshire local authority area. The most recent EPC inspection was September 2020, where the current energy rating was B, and the potential energy rating was A.

CHESTNUT HOUSE Sold Prices

Land registry data shows three sales for CHESTNUT HOUSE 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. Two of the three CHESTNUT HOUSE sales were for above the average price, whilst one 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 26 FEB	£515,000	£346,867	48% above HPI
2015 30 OCT	£449,000	£286,070	57% above HPI
2014 30 JUN	£150,000	£265,498	44% below HPI

CHESTNUT HOUSE 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 CHESTNUT HOUSE sales between June 2014 and February 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 October 2015 sale was for 57% above the HPI. So the extrapolation line tracks at 57% above the HPI over time, until the February 2021 sale, where it falls to 48% above the HPI. The line then continues to track at 48% above the HPI.

What might CHESTNUT HOUSE be worth now?

CHESTNUT HOUSE might now be worth an estimated £619,551.

This is based on house price inflation of 20.3%, between February 2021 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 20.3% inflationary increase is applied to the most recent sale price for CHESTNUT HOUSE of £515,000 on 26th February 2021. For the value to have increased from £515,000 to £619,551 over the four years to February 2025, the following assumptions must hold true:

• The value of CHESTNUT HOUSE has moved in line with the HPI for detached houses in the Shropshire local authority area.
• The February 2021 sale price of £515,000 represented a fair market value for the property.
• The size, condition, and specification of CHESTNUT HOUSE has not materially changed since February 2021.

How Large is CHESTNUT HOUSE?

CHESTNUT HOUSE is 241m² according to the EPC inspection conducted in September 2020. This puts it in the largest 20% of detached houses houses in Harmer Hill, based on EPC data. The below chart shows the distribution of detached houses houses by size in Harmer Hill, and where CHESTNUT HOUSE lies on this distribution: 86% of detached houses houses are smaller than CHESTNUT HOUSE, and 14% of houses are larger. Note that EPC data is not available for all properties in Harmer Hill.

CHESTNUT HOUSE: Plot and Title Map

CHESTNUT HOUSE sits on a plot of roughly 0.215 of an acre, or 872m². The below map shows the location of CHESTNUT HOUSE, 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 CHESTNUT HOUSE). 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 CHESTNUT HOUSE?

CHESTNUT HOUSE is located on CHAPEL PLACE in HARMER HILL, in the SY4 postcode district. The below map shows the position of CHESTNUT HOUSE on CHAPEL PLACE.