MIRABELLE, BIRCH DRIVE, HANWOOD, SHREWSBURY, SY5 8RG - £440,000

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.

MIRABELLE is a large detached house of 162m², built sometime between 2003 and 2006, which could now be worth an estimated £534,115. It was last sold for £440,000 in November 2020, which was around 28% above the average November 2020 detached price in the Shropshire local authority area. The most recent EPC inspection was November 2020, where the current energy rating was C, and the potential energy rating was B.

MIRABELLE Sold Prices

Land registry data shows four sales for MIRABELLE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Shropshire local authority area for the corresponding sale date. Most of the four MIRABELLE 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 26 NOV	£440,000	£343,756	28% above HPI
2018 7 FEB	£447,500	£308,008	45% above HPI
2014 8 SEP	£480,000	£273,367	76% above HPI
2007 15 JUN	£180,000	£271,624	34% below HPI

MIRABELLE 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 four MIRABELLE sales between June 2007 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 February 2018 sale was for 45% above the HPI. So the extrapolation line tracks at 45% above the HPI over time, until the November 2020 sale, where it falls to 28% above the HPI. The line then continues to track at 28% above the HPI.

What might MIRABELLE be worth now?

MIRABELLE might now be worth an estimated £534,115.

This is based on house price inflation of 21.4%, between November 2020 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 21.4% inflationary increase is applied to the most recent sale price for MIRABELLE of £440,000 on 26th November 2020. For the value to have increased from £440,000 to £534,115 over the five years and nine months to February 2025, the following assumptions must hold true:

• The value of MIRABELLE has moved in line with the HPI for detached houses in the Shropshire local authority area.
• The November 2020 sale price of £440,000 represented a fair market value for the property.
• The size, condition, and specification of MIRABELLE has not materially changed since November 2020.

How Large is MIRABELLE?

MIRABELLE is 162m² according to the EPC inspection conducted in November 2020. 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 MIRABELLE lies on this distribution: 80% of detached houses houses are smaller than MIRABELLE, and 20% of houses are larger. Note that EPC data is not available for all properties in Hanwood.

MIRABELLE: Plot and Title Map

MIRABELLE sits on a plot of roughly 0.222 of an acre, or 897m². The below map shows the location of MIRABELLE, 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 MIRABELLE). 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 MIRABELLE?

MIRABELLE is located on BIRCH DRIVE in HANWOOD, in the SY5 postcode district. The below map shows the position of MIRABELLE on BIRCH DRIVE.