GRANGEFIELD, HANWOOD, SHREWSBURY, SY5 8LJ - £312,000

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

GRANGEFIELD is a small detached house of 101m², built in 2020. It was last sold for £312,000 in September 2022, which was around 20% below the average September 2022 detached price in the Shropshire local authority area. The most recent EPC inspection was February 2022, where the current energy rating was B, and the potential energy rating was A.

GRANGEFIELD Sold Prices

Land registry data shows six sales for GRANGEFIELD since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Shropshire local authority area for the corresponding sale date. All of the six GRANGEFIELD 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
2022 29 SEP	£312,000	£389,450	20% below HPI
2020 7 FEB	£167,500	£312,843	46% below HPI
2013 26 APR	£124,500	£250,361	50% below HPI
2004 12 AUG	£145,000	£235,776	39% below HPI
2002 31 MAY	£109,950	£149,374	26% below HPI
2001 6 MAR	£70,000	£125,238	44% below HPI

GRANGEFIELD 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 six GRANGEFIELD sales between March 2001 and September 2022 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 2020 sale was for 46% below the HPI. So the extrapolation line tracks at 46% below the HPI over time, until the September 2022 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is GRANGEFIELD?

GRANGEFIELD is 101m² according to the EPC inspection conducted in February 2022. This puts it in the smallest 40% of detached houses in Hanwood, based on EPC data. The below chart shows the distribution of detached houses by size in Hanwood, and where GRANGEFIELD lies on this distribution: 30% of detached houses are smaller than GRANGEFIELD, and 68% of houses are larger. Note that EPC data is not available for all properties in Hanwood.

GRANGEFIELD: Plot and Title Map

GRANGEFIELD sits on a plot of roughly 0.074 of an acre, or 299m². The below map shows the location of GRANGEFIELD, 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 GRANGEFIELD). 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 GRANGEFIELD?

GRANGEFIELD is located in HANWOOD, in the SY5 postcode district. The below map shows the position of GRANGEFIELD in HANWOOD.