7, FORGE WAY, DORRINGTON, SHREWSBURY, SY5 7HQ - £175,000

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 FORGE WAY is a very small terraced house of 77m², built sometime between 2003 and 2006, which could now be worth an estimated £214,177. It was last sold for £175,000 in November 2020, which was around 5% above the average November 2020 terraced price in the Shropshire local authority area. The most recent EPC inspection was July 2020, where the current energy rating was C, and the potential energy rating was B.

7 FORGE WAY Sold Prices

Land registry data shows two sales for 7 FORGE WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Shropshire local authority area for the corresponding sale date. Both of the two 7 FORGE WAY 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 11 NOV	£175,000	£166,186	5% above HPI
2004 29 OCT	£158,950	£118,843	34% above HPI

7 FORGE WAY Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Shropshire local authority area over time, sourced from the HPI. The two 7 FORGE WAY sales from October 2004 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 October 2004 sale was for 34% above the HPI. So the extrapolation line tracks at 34% above the HPI over time, until the November 2020 sale, where it falls to 5% above the HPI. The line then continues to track at 5% above the HPI.

What might 7 FORGE WAY be worth now?

7 FORGE WAY might now be worth an estimated £214,177.

This is based on house price inflation of 22.4%, between November 2020 and June 2025, for terraced 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 22.4% inflationary increase is applied to the most recent sale price for 7 FORGE WAY of £175,000 on 11th November 2020. For the value to have increased from £175,000 to £214,177 over the five years and five months to June 2025, the following assumptions must hold true:

• The value of 7 FORGE WAY has moved in line with the HPI for terraced houses in the Shropshire local authority area.
• The November 2020 sale price of £175,000 represented a fair market value for the property.
• The size, condition, and specification of 7 FORGE WAY has not materially changed since November 2020.

How Large is 7 FORGE WAY?

7 FORGE WAY is 77m² according to the EPC inspection conducted in July 2020. This puts it in the smallest 20% of terraced houses houses in Dorrington, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Dorrington, and where 7 FORGE WAY lies on this distribution: 17% of terraced houses houses are smaller than 7 FORGE WAY, and 82% of houses are larger. Note that EPC data is not available for all properties in Dorrington.

7 FORGE WAY: Plot and Title Map

7 FORGE WAY sits on a plot of roughly 0.031 of an acre, or 125m². The below map shows the location of 7 FORGE WAY, 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 FORGE WAY). 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 FORGE WAY?

7 FORGE WAY is located in DORRINGTON, in the SY5 postcode district. The below map shows the position of No. 7 on FORGE WAY.