PINE EDGE, HARMER HILL, SHREWSBURY, SY4 3EE - £475,000

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.

PINE EDGE is a midsized extended detached house of 162m², built sometime between 1967 and 1975, which could now be worth an estimated £509,762. It was last sold for £475,000 in June 2022, which was around 24% above the average June 2022 detached price in the Shropshire local authority area. The most recent EPC inspection was December 2021, where the current energy rating was E, and the potential energy rating was D.

PINE EDGE Sold Prices

Land registry data shows four sales for PINE EDGE 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 PINE EDGE 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
2022 30 JUN	£475,000	£382,864	24% above HPI
2013 31 OCT	£250,000	£263,816	5% below HPI
2001 17 AUG	£167,000	£141,590	18% above HPI
1996 10 OCT	£135,000	£88,913	52% above HPI

PINE EDGE 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 PINE EDGE sales between October 1996 and June 2022 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 2013 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the June 2022 sale, where it rises to 24% above the HPI. The line then continues to track at 24% above the HPI.

What might PINE EDGE be worth now?

PINE EDGE might now be worth an estimated £509,762.

This is based on house price inflation of 7.3%, between June 2022 and June 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 7.3% inflationary increase is applied to the most recent sale price for PINE EDGE of £475,000 on 30th June 2022. For the value to have increased from £475,000 to £509,762 over the three years to June 2025, the following assumptions must hold true:

• The value of PINE EDGE has moved in line with the HPI for detached houses in the Shropshire local authority area.
• The June 2022 sale price of £475,000 represented a fair market value for the property.
• The size, condition, and specification of PINE EDGE has not materially changed since June 2022.

How Large is PINE EDGE?

PINE EDGE is 162m², which includes two extensions, according to the EPC inspection conducted in December 2021. This puts it in the smallest 50% of detached houses houses in Harmer Hill, based on EPC data. The below chart shows the distribution of detached houses houses by size in Harmer Hill, and where PINE EDGE lies on this distribution: 49% of detached houses houses are smaller than PINE EDGE, and 51% of houses are larger. Note that EPC data is not available for all properties in Harmer Hill.

PINE EDGE: Plot and Title Map

PINE EDGE sits on a plot of roughly 0.393 of an acre, or 1,591m². The below map shows the location of PINE EDGE, 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 PINE EDGE). 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 PINE EDGE?

PINE EDGE is located in HARMER HILL, in the SY4 postcode district. The below map shows the position of PINE EDGE in HARMER HILL.