THE FORGE, STATION ROAD, HADNALL, SHREWSBURY, SY4 3DD - £375,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

THE FORGE is a small detached house of 108m², which could now be worth an estimated £388,924. It was last sold for £375,000 in August 2024, which was around 7% below the average August 2024 detached price in the Shropshire local authority area. The most recent EPC inspection was December 2016, where the current energy rating was B, and the potential energy rating was A.

THE FORGE Sold Prices

Land registry data shows two sales for THE FORGE 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. Both of the two THE FORGE 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
2024 7 AUG	£375,000	£402,346	7% below HPI
2017 28 JUL	£288,500	£299,391	4% below HPI

THE FORGE 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 THE FORGE sales from July 2017 and August 2024 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 July 2017 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the August 2024 sale, where it falls to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might THE FORGE be worth now?

THE FORGE might now be worth an estimated £388,924.

This is based on house price inflation of 3.7%, between August 2024 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 3.7% inflationary increase is applied to the most recent sale price for THE FORGE of £375,000 on 7th August 2024. For the value to have increased from £375,000 to £388,924 over the one year and six months to February 2025, the following assumptions must hold true:

• The value of THE FORGE has moved in line with the HPI for detached houses in the Shropshire local authority area.
• The August 2024 sale price of £375,000 represented a fair market value for the property.
• The size, condition, and specification of THE FORGE has not materially changed since August 2024.

How Large is THE FORGE?

THE FORGE is 108m² according to the EPC inspection conducted in December 2016. This puts it in the smallest 40% of detached houses houses in Hadnall, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hadnall, and where THE FORGE lies on this distribution: 32% of detached houses houses are smaller than THE FORGE, and 68% of houses are larger. Note that EPC data is not available for all properties in Hadnall.

THE FORGE: Plot and Title Map

THE FORGE sits on a plot of roughly 0.072 of an acre, or 290m². The below map shows the location of THE FORGE, 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 THE FORGE). 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 THE FORGE?

THE FORGE is located on STATION ROAD in HADNALL, in the SY4 postcode district. The below map shows the position of THE FORGE on STATION ROAD.