NEW STATION COTTAGE, HANWOOD, SHREWSBURY, SY5 8LJ - £485,000

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.

NEW STATION COTTAGE is a small detached house of 110m², built sometime before 1900, which could now be worth an estimated £605,579. It was last sold for £485,000 in September 2020, which was around 45% above the average September 2020 detached price in the Shropshire local authority area. The most recent EPC inspection was June 2020, where the current energy rating was F, and the potential energy rating was C.

NEW STATION COTTAGE Sold Prices

Land registry data shows three sales for NEW STATION COTTAGE 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 NEW STATION COTTAGE sales were for above 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
2020 2 SEP	£485,000	£334,198	45% above HPI
2000 16 NOV	£157,000	£131,911	19% above HPI
1996 16 AUG	£110,000	£86,118	28% above HPI

NEW STATION COTTAGE 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 NEW STATION COTTAGE sales between August 1996 and September 2020 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 2000 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the September 2020 sale, where it rises to 45% above the HPI. The line then continues to track at 45% above the HPI.

What might NEW STATION COTTAGE be worth now?

NEW STATION COTTAGE might now be worth an estimated £605,579.

This is based on house price inflation of 24.9%, between September 2020 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 24.9% inflationary increase is applied to the most recent sale price for NEW STATION COTTAGE of £485,000 on 2nd September 2020. For the value to have increased from £485,000 to £605,579 over the five years and seven months to February 2025, the following assumptions must hold true:

• The value of NEW STATION COTTAGE has moved in line with the HPI for detached houses in the Shropshire local authority area.
• The September 2020 sale price of £485,000 represented a fair market value for the property.
• The size, condition, and specification of NEW STATION COTTAGE has not materially changed since September 2020.

How Large is NEW STATION COTTAGE?

NEW STATION COTTAGE is 110m² according to the EPC inspection conducted in June 2020. This puts it in the smallest 40% of detached houses houses in Hanwood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hanwood, and where NEW STATION COTTAGE lies on this distribution: 39% of detached houses houses are smaller than NEW STATION COTTAGE, and 60% of houses are larger. Note that EPC data is not available for all properties in Hanwood.

NEW STATION COTTAGE: Plot and Title Map

NEW STATION COTTAGE sits on a plot of roughly 0.251 of an acre, or 1,017m². The below map shows the location of NEW STATION COTTAGE, 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 NEW STATION COTTAGE). 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 NEW STATION COTTAGE?

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