8, CHESTNUT CLOSE, HANWOOD, SHREWSBURY, SY5 8RB - £183,000

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.

8 CHESTNUT CLOSE is a very small detached house of 56m², built sometime between 1976 and 1982, which could now be worth an estimated £241,450. It was last sold for £183,000 in May 2019, which was around 42% below the average May 2019 detached price in the Shropshire local authority area. The most recent EPC inspection was October 2016, where the current energy rating was D, and the potential energy rating was B.

8 CHESTNUT CLOSE Sold Prices

Land registry data shows two sales for 8 CHESTNUT 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 8 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
2019 31 MAY	£183,000	£316,269	42% below HPI
1999 10 SEP	£63,500	£111,669	43% below HPI

8 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 two 8 CHESTNUT CLOSE sales from September 1999 and May 2019 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 September 1999 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the May 2019 sale, where it rises to 42% below the HPI. The line then continues to track at 42% below the HPI.

What might 8 CHESTNUT CLOSE be worth now?

8 CHESTNUT CLOSE might now be worth an estimated £241,450.

This is based on house price inflation of 31.9%, between May 2019 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 31.9% inflationary increase is applied to the most recent sale price for 8 CHESTNUT CLOSE of £183,000 on 31st May 2019. For the value to have increased from £183,000 to £241,450 over the six years and three months to February 2025, the following assumptions must hold true:

• The value of 8 CHESTNUT CLOSE has moved in line with the HPI for detached houses in the Shropshire local authority area.
• The May 2019 sale price of £183,000 represented a fair market value for the property.
• The size, condition, and specification of 8 CHESTNUT CLOSE has not materially changed since May 2019.

How Large is 8 CHESTNUT CLOSE?

8 CHESTNUT CLOSE is 56m² according to the EPC inspection conducted in October 2016. 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 8 CHESTNUT CLOSE lies on this distribution: 2% of detached houses houses are smaller than 8 CHESTNUT CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Hanwood.

8 CHESTNUT CLOSE: Plot and Title Map

8 CHESTNUT CLOSE sits on a plot of roughly 0.078 of an acre, or 316m². The below map shows the location of 8 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 8 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 8 CHESTNUT CLOSE?

8 CHESTNUT CLOSE is located in HANWOOD, in the SY5 postcode district. The below map shows the position of No. 8 on CHESTNUT CLOSE.