4, MERE CLOSE, SHIFNAL, TF11 9QA - £316,000

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.

4 MERE CLOSE is a very small detached house of 92m², built sometime between 1983 and 1990, which could now be worth an estimated £435,033. It was last sold for £316,000 in November 2017, which was around 3% above the average November 2017 detached price in the Shropshire local authority area. The most recent EPC inspection was July 2017, where the current energy rating was D, and the potential energy rating was B.

4 MERE CLOSE Sold Prices

Land registry data shows two sales for 4 MERE 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 4 MERE CLOSE sales were for above 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
2017 3 NOV	£316,000	£305,491	3% above HPI
2010 26 FEB	£275,000	£259,535	6% above HPI

4 MERE 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 4 MERE CLOSE sales from February 2010 and November 2017 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 February 2010 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the November 2017 sale, where it falls to 3% above the HPI. The line then continues to track at 3% above the HPI.

What might 4 MERE CLOSE be worth now?

4 MERE CLOSE might now be worth an estimated £435,033.

This is based on house price inflation of 37.7%, between November 2017 and April 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 37.7% inflationary increase is applied to the most recent sale price for 4 MERE CLOSE of £316,000 on 3rd November 2017. For the value to have increased from £316,000 to £435,033 over the nine years and seven months to April 2026, the following assumptions must hold true:

• The value of 4 MERE CLOSE has moved in line with the HPI for detached houses in the Shropshire local authority area.
• The November 2017 sale price of £316,000 represented a fair market value for the property.
• The size, condition, and specification of 4 MERE CLOSE has not materially changed since November 2017.

How Large is 4 MERE CLOSE?

4 MERE CLOSE is 92m² according to the EPC inspection conducted in July 2017. This puts it in the smallest 20% of detached houses houses in Shifnal, based on EPC data. The below chart shows the distribution of detached houses houses by size in Shifnal, and where 4 MERE CLOSE lies on this distribution: 18% of detached houses houses are smaller than 4 MERE CLOSE, and 82% of houses are larger. Note that EPC data is not available for all properties in Shifnal.

4 MERE CLOSE: Plot and Title Map

4 MERE CLOSE sits on a plot of roughly 0.109 of an acre, or 440m². The below map shows the location of 4 MERE 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 4 MERE 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 4 MERE CLOSE?

4 MERE CLOSE is located in SHIFNAL, in the TF11 postcode district. The below map shows the position of No. 4 on MERE CLOSE.