REDWOOD HOUSE, CORPORATION LANE, SHREWSBURY, SY1 2PA - £350,000

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

REDWOOD HOUSE is a very large detached house of 162m², built sometime between 2003 and 2006. It was last sold for £350,000 in January 2020, which was around 12% above the average January 2020 detached price in the Shropshire local authority area. The most recent EPC inspection was July 2019, where the current energy rating was C, and the potential energy rating was B.

REDWOOD HOUSE Sold Prices

Land registry data shows three sales for REDWOOD 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 REDWOOD 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
2020 17 JAN	£350,000	£311,443	12% above HPI
2016 24 AUG	£265,000	£287,287	8% below HPI
2004 13 SEP	£247,500	£239,150	3% above HPI

REDWOOD 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 REDWOOD HOUSE sales between September 2004 and January 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 August 2016 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the January 2020 sale, where it rises to 12% above the HPI. The line then continues to track at 12% above the HPI.

How Large is REDWOOD HOUSE?

REDWOOD HOUSE is 162m² according to the EPC inspection conducted in July 2019. This puts it in the largest 20% of detached houses in Shrewsbury, based on EPC data. The below chart shows the distribution of detached houses by size in Shrewsbury, and where REDWOOD HOUSE lies on this distribution: 86% of detached houses are smaller than REDWOOD HOUSE, and 14% of houses are larger. Note that EPC data is not available for all properties in Shrewsbury.

REDWOOD HOUSE: Plot and Title Map

REDWOOD HOUSE sits on a plot of roughly 0.036 of an acre, or 144m². The below map shows the location of REDWOOD 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 REDWOOD 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 REDWOOD HOUSE?

REDWOOD HOUSE is located on CORPORATION LANE in SHREWSBURY, in the SY1 postcode district. The below map shows the position of REDWOOD HOUSE on CORPORATION LANE.