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

Based on the July 2024 Price Paid Data (released on 29th August 2024), the June 2024 House Price Index (released on 14th August 2024), and the July 2024 Energy Performance of Buildings Data (released on 29th August 2024). Sources

NEW STATION COTTAGE is a small detached house of 110m², built sometime before 1900. It was last sold for £485,000 in September 2020, which was around 49% 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	£325,117	49% above HPI
2000 16 NOV	£157,000	£128,327	22% above HPI
1996 16 AUG	£110,000	£83,778	31% 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 22% above the HPI. So the extrapolation line tracks at 22% above the HPI over time, until the September 2020 sale, where it rises to 49% above the HPI. The line then continues to track at 49% above the HPI.

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 in Hanwood, based on EPC data. The below chart shows the distribution of detached houses by size in Hanwood, and where NEW STATION COTTAGE lies on this distribution: 39% of detached 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.