SPRING MEADOW, ORCHARD LANE, HANWOOD, SHREWSBURY, SY5 8LD - £670,000

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

SPRING MEADOW is a very large detached house of 283m². It was last sold for £670,000 in April 2021, which was around 99% above the average April 2021 detached price in the Shropshire local authority area. The most recent EPC inspection was October 2017, where the current energy rating was B, and the potential energy rating was B.

SPRING MEADOW Sold Prices

Land registry data shows two sales for SPRING MEADOW since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Shropshire local authority area for the corresponding sale date. One of the two SPRING MEADOW sales was for above the average price, whilst the other 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 9 APR	£670,000	£336,754	99% above HPI
2016 22 SEP	£210,000	£288,646	27% below HPI

SPRING MEADOW 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 two SPRING MEADOW sales from September 2016 and April 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 September 2016 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the April 2021 sale, where it rises to 99% above the HPI. The line then continues to track at 99% above the HPI.

How Large is SPRING MEADOW?

SPRING MEADOW is 283m² according to the EPC inspection conducted in October 2017. This puts it in the largest 10% of detached houses in Hanwood, based on EPC data. The below chart shows the distribution of detached houses by size in Hanwood, and where SPRING MEADOW lies on this distribution: 99% of detached houses are smaller than SPRING MEADOW, and 1% of houses are larger. Note that EPC data is not available for all properties in Hanwood.

SPRING MEADOW: Plot and Title Map

SPRING MEADOW sits on a plot of roughly 2.5 acres, or 9,984m². The below map shows the location of SPRING MEADOW, 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 SPRING MEADOW). 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 SPRING MEADOW?

SPRING MEADOW is located on ORCHARD LANE in HANWOOD, in the SY5 postcode district. The below map shows the position of SPRING MEADOW on ORCHARD LANE.