2A, CHESTNUT CLOSE, HANWOOD, SHREWSBURY, SY5 8RB - £257,500

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.

2A CHESTNUT CLOSE is a very small extended detached house of 68m², built sometime between 1983 and 1990, which could now be worth an estimated £264,468. It was last sold for £257,500 in October 2024, which was around 37% below the average October 2024 detached price in the Shropshire local authority area. The most recent EPC inspection was October 2024, where the current energy rating was D, and the potential energy rating was B.

2A CHESTNUT CLOSE Sold Prices

Land registry data shows three sales for 2A CHESTNUT CLOSE 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. All of the three 2A 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
2024 4 OCT	£257,500	£406,291	37% below HPI
1998 5 JUN	£60,000	£98,938	39% below HPI
1996 31 OCT	£62,500	£88,913	30% below HPI

2A 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 three 2A CHESTNUT CLOSE sales between October 1996 and October 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 June 1998 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the October 2024 sale, where it rises to 37% below the HPI. The line then continues to track at 37% below the HPI.

What might 2A CHESTNUT CLOSE be worth now?

2A CHESTNUT CLOSE might now be worth an estimated £264,468.

This is based on house price inflation of 2.7%, between October 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 2.7% inflationary increase is applied to the most recent sale price for 2A CHESTNUT CLOSE of £257,500 on 4th October 2024. For the value to have increased from £257,500 to £264,468 over the one year and eight months to February 2025, the following assumptions must hold true:

• The value of 2A CHESTNUT CLOSE has moved in line with the HPI for detached houses in the Shropshire local authority area.
• The October 2024 sale price of £257,500 represented a fair market value for the property.
• The size, condition, and specification of 2A CHESTNUT CLOSE has not materially changed since October 2024.

How Large is 2A CHESTNUT CLOSE?

2A CHESTNUT CLOSE is 68m², which includes one extension, according to the EPC inspection conducted in October 2024. This puts it in the smallest 10% 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 2A CHESTNUT CLOSE lies on this distribution: 10% of detached houses houses are smaller than 2A CHESTNUT CLOSE, and 90% of houses are larger. Note that EPC data is not available for all properties in Hanwood.

2A CHESTNUT CLOSE: Plot and Title Map

2A CHESTNUT CLOSE sits on a plot of roughly 0.078 of an acre, or 317m². The below map shows the location of 2A 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 2A 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 2A CHESTNUT CLOSE?

2A CHESTNUT CLOSE is located in HANWOOD, in the SY5 postcode district. The below map shows the position of No. 2A on CHESTNUT CLOSE.