22, CHESTNUT CLOSE, HANWOOD, SHREWSBURY, SY5 8RB - £267,500

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.

22 CHESTNUT CLOSE is a very small detached house of 71m², built sometime between 1967 and 1975, which could now be worth an estimated £316,089. It was last sold for £267,500 in July 2021, which was around 24% below the average July 2021 detached price in the Shropshire local authority area. The most recent EPC inspection was February 2018, where the current energy rating was E, and the potential energy rating was C.

22 CHESTNUT CLOSE Sold Prices

Land registry data shows two sales for 22 CHESTNUT 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 22 CHESTNUT 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
2021 30 JUL	£267,500	£353,140	24% below HPI
2018 29 JUN	£212,500	£307,892	31% below HPI

22 CHESTNUT 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 22 CHESTNUT CLOSE sales from June 2018 and July 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 June 2018 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the July 2021 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

What might 22 CHESTNUT CLOSE be worth now?

22 CHESTNUT CLOSE might now be worth an estimated £316,089.

This is based on house price inflation of 18.2%, between July 2021 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 18.2% inflationary increase is applied to the most recent sale price for 22 CHESTNUT CLOSE of £267,500 on 30th July 2021. For the value to have increased from £267,500 to £316,089 over the four years and five months to February 2025, the following assumptions must hold true:

• The value of 22 CHESTNUT CLOSE has moved in line with the HPI for detached houses in the Shropshire local authority area.
• The July 2021 sale price of £267,500 represented a fair market value for the property.
• The size, condition, and specification of 22 CHESTNUT CLOSE has not materially changed since July 2021.

How Large is 22 CHESTNUT CLOSE?

22 CHESTNUT CLOSE is 71m² according to the EPC inspection conducted in February 2018. This puts it in the smallest 20% of detached houses houses in Hanwood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hanwood, and where 22 CHESTNUT CLOSE lies on this distribution: 12% of detached houses houses are smaller than 22 CHESTNUT CLOSE, and 88% of houses are larger. Note that EPC data is not available for all properties in Hanwood.

22 CHESTNUT CLOSE: Plot and Title Map

22 CHESTNUT CLOSE sits on a plot of roughly 0.181 of an acre, or 734m². The below map shows the location of 22 CHESTNUT 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 22 CHESTNUT 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 22 CHESTNUT CLOSE?

22 CHESTNUT CLOSE is located in HANWOOD, in the SY5 postcode district. The below map shows the position of No. 22 on CHESTNUT CLOSE.