2, CAUGHLEY CLOSE, BROSELEY, TF12 5SP - £350,000

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.

2 CAUGHLEY CLOSE is a small detached house of 83m², built sometime between 1967 and 1975, which could now be worth an estimated £386,077. It was last sold for £350,000 in June 2022, which was around 9% below the average June 2022 detached price in the Shropshire local authority area. The most recent EPC inspection was October 2017, where the current energy rating was D, and the potential energy rating was B.

2 CAUGHLEY CLOSE Sold Prices

Land registry data shows two sales for 2 CAUGHLEY CLOSE 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 2 CAUGHLEY CLOSE 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
2022 1 JUN	£350,000	£382,864	9% below HPI
2018 19 JAN	£200,000	£305,975	35% below HPI

2 CAUGHLEY CLOSE 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 2 CAUGHLEY CLOSE sales from January 2018 and June 2022 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 January 2018 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the June 2022 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might 2 CAUGHLEY CLOSE be worth now?

2 CAUGHLEY CLOSE might now be worth an estimated £386,077.

This is based on house price inflation of 10.3%, between June 2022 and May 2026, 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 10.3% inflationary increase is applied to the most recent sale price for 2 CAUGHLEY CLOSE of £350,000 on 1st June 2022. For the value to have increased from £350,000 to £386,077 over the four years and one month to May 2026, the following assumptions must hold true:

• The value of 2 CAUGHLEY CLOSE has moved in line with the HPI for detached houses in the Shropshire local authority area.
• The June 2022 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of 2 CAUGHLEY CLOSE has not materially changed since June 2022.

How Large is 2 CAUGHLEY CLOSE?

2 CAUGHLEY CLOSE is 83m² according to the EPC inspection conducted in October 2017. This puts it in the smallest 30% of detached houses houses in Broseley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Broseley, and where 2 CAUGHLEY CLOSE lies on this distribution: 23% of detached houses houses are smaller than 2 CAUGHLEY CLOSE, and 76% of houses are larger. Note that EPC data is not available for all properties in Broseley.

2 CAUGHLEY CLOSE: Plot and Title Map

2 CAUGHLEY CLOSE sits on a plot of roughly 0.070 of an acre, or 284m². The below map shows the location of 2 CAUGHLEY CLOSE, 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 2 CAUGHLEY CLOSE). 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 2 CAUGHLEY CLOSE?

2 CAUGHLEY CLOSE is located in BROSELEY, in the TF12 postcode district. The below map shows the position of No. 2 on CAUGHLEY CLOSE.