7, BEECH CLOSE, HANWOOD, SHREWSBURY, SY5 8RA - £375,000

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.

7 BEECH CLOSE is a midsized extended detached house of 127m², built sometime between 1967 and 1975, which could now be worth an estimated £460,713. It was last sold for £375,000 in November 2020, which was around 9% above the average November 2020 detached price in the Shropshire local authority area. The most recent EPC inspection was August 2020, where the current energy rating was D, and the potential energy rating was A.

7 BEECH CLOSE Sold Prices

Land registry data shows two sales for 7 BEECH 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 7 BEECH 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
2020 27 NOV	£375,000	£343,756	9% above HPI
1998 5 JUN	£99,950	£98,938	1% above HPI

7 BEECH 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 7 BEECH CLOSE sales from June 1998 and November 2020 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 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the November 2020 sale, where it rises to 9% above the HPI. The line then continues to track at 9% above the HPI.

What might 7 BEECH CLOSE be worth now?

7 BEECH CLOSE might now be worth an estimated £460,713.

This is based on house price inflation of 22.9%, between November 2020 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 22.9% inflationary increase is applied to the most recent sale price for 7 BEECH CLOSE of £375,000 on 27th November 2020. For the value to have increased from £375,000 to £460,713 over the six years and six months to May 2026, the following assumptions must hold true:

• The value of 7 BEECH CLOSE has moved in line with the HPI for detached houses in the Shropshire local authority area.
• The November 2020 sale price of £375,000 represented a fair market value for the property.
• The size, condition, and specification of 7 BEECH CLOSE has not materially changed since November 2020.

How Large is 7 BEECH CLOSE?

7 BEECH CLOSE is 127m², which includes two extensions, according to the EPC inspection conducted in August 2020. This puts it in the largest 50% 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 7 BEECH CLOSE lies on this distribution: 54% of detached houses houses are smaller than 7 BEECH CLOSE, and 46% of houses are larger. Note that EPC data is not available for all properties in Hanwood.

7 BEECH CLOSE: Plot and Title Map

7 BEECH CLOSE sits on a plot of roughly 0.100 of an acre, or 406m². The below map shows the location of 7 BEECH 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 7 BEECH 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 7 BEECH CLOSE?

7 BEECH CLOSE is located in HANWOOD, in the SY5 postcode district. The below map shows the position of No. 7 on BEECH CLOSE.