3, CHESTNUT CLOSE, HANWOOD, SHREWSBURY, SY5 8RB - £337,500

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.

3 CHESTNUT CLOSE is a large detached house of 141m², built sometime between 1976 and 1982, which could now be worth an estimated £448,207. It was last sold for £337,500 in July 2018, which was around 7% above the average July 2018 detached price in the Shropshire local authority area. The most recent EPC inspection was February 2015, where the current energy rating was D, and the potential energy rating was B.

3 CHESTNUT CLOSE Sold Prices

Land registry data shows three sales for 3 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. The three 3 CHESTNUT CLOSE sales were a mix of above the average price, roughly equal to the average price, and 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
2018 17 JUL	£337,500	£314,216	7% above HPI
2014 29 AUG	£270,000	£269,245	Close to HPI
2012 14 DEC	£224,000	£257,835	13% below HPI

3 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 3 CHESTNUT CLOSE sales between December 2012 and July 2018 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 August 2014 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the July 2018 sale, where it rises to 7% above the HPI. The line then continues to track at 7% above the HPI.

What might 3 CHESTNUT CLOSE be worth now?

3 CHESTNUT CLOSE might now be worth an estimated £448,207.

This is based on house price inflation of 32.8%, between July 2018 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 32.8% inflationary increase is applied to the most recent sale price for 3 CHESTNUT CLOSE of £337,500 on 17th July 2018. For the value to have increased from £337,500 to £448,207 over the seven years and five months to February 2025, the following assumptions must hold true:

• The value of 3 CHESTNUT CLOSE has moved in line with the HPI for detached houses in the Shropshire local authority area.
• The July 2018 sale price of £337,500 represented a fair market value for the property.
• The size, condition, and specification of 3 CHESTNUT CLOSE has not materially changed since July 2018.

How Large is 3 CHESTNUT CLOSE?

3 CHESTNUT CLOSE is 141m² according to the EPC inspection conducted in February 2015. This puts it in the largest 30% 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 3 CHESTNUT CLOSE lies on this distribution: 70% of detached houses houses are smaller than 3 CHESTNUT CLOSE, and 29% of houses are larger. Note that EPC data is not available for all properties in Hanwood.

3 CHESTNUT CLOSE: Plot and Title Map

3 CHESTNUT CLOSE sits on a plot of roughly 0.101 of an acre, or 410m². The below map shows the location of 3 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 3 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 3 CHESTNUT CLOSE?

3 CHESTNUT CLOSE is located in HANWOOD, in the SY5 postcode district. The below map shows the position of No. 3 on CHESTNUT CLOSE.