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House Prices in SY5

The average house price in SY5 (Shrewsbury) is £470,600 using HM Land Registry data.

The average property price increased by £133,925 (36.15%) over the last 5 years and increased by £26,773 (5.1%) over the last 12 months.

Over the last year, there were 167 residential property sales – a decrease of 100 transactions (-59.88%) relative to the previous year. The majority of house sales (44) were in the £248,000 - £336,000 range. Then came properties in the £336,000 - £424,000 range, where 30 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 63 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-6,195 (-2%).

In June 2024, there were 49 new estate agency instructions, 33 agreed home sales and 31 property price reductions.

5-Year Average Property Prices in SY5 (Shrewsbury)

36.15%

Property prices in Shrewsbury increased by 36.15% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in SY5 (Shrewsbury) Over the Last Year

5.1%

Property prices in Shrewsbury increased by 5.1% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

Property Market Heat Gauge for SY5 (Shrewsbury) - June 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in SY5 (Shrewsbury)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in SY5 (Shrewsbury)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in SY5 (Shrewsbury)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the SY5 (Shrewsbury) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the SY5 postcode area since 1995.

Recent Sales in SY5 (Shrewsbury)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
Woodlands, Wood Lane, Cressage, Shrewsbury, Shropshire, SY5 6DY	£390,000	£380,000	-£10,000	20 Feb 2023	28 May 2024	463 Days
6 Harley Road, Condover, Shrewsbury, Shropshire, SY5 7AX	£424,995	£420,000	-£4,995	16 Oct 2023	23 May 2024	220 Days
7 The Fairways, Condover, Shrewsbury, Shropshire, SY5 7BW	£489,950	£477,500	-£12,450	05 Feb 2024	08 May 2024	93 Days
3 Ash Lea, Minsterley, Shrewsbury, Shropshire, SY5 0BU	£340,000	£330,000	-£10,000	13 Sep 2023	03 May 2024	233 Days
1 Vineyard Cottages, Longnor, Shrewsbury, Shropshire, SY5 7PX	£190,000	£180,000	-£10,000	29 Nov 2023	03 May 2024	156 Days
2 The Old Stables, Nills Farm, Habberley Road, Pontesbury, Shrewsbury, Shropshire, SY5 0TN	£650,000	£645,000	-£5,000	29 Aug 2023	11 Apr 2024	226 Days
4 Melverley View, Crew Green, Shrewsbury, Powys, SY5 9AS	£295,000	£282,500	-£12,500	07 Aug 2023	05 Apr 2024	242 Days
29 Caradoc View, Hanwood, Shrewsbury, Shropshire, SY5 8NB	£255,000	£247,500	-£7,500	22 Jan 2024	27 Mar 2024	65 Days
9 Maes Hafren, Crew Green, Shrewsbury, Powys, SY5 9BT	£189,000	£189,000	£00	10 Oct 2023	22 Mar 2024	164 Days
Arbury, Minsterley Road, Pontesbury, Shrewsbury, Shropshire, SY5 0QH	£374,995	£350,000	-£24,995	28 Nov 2022	22 Mar 2024	480 Days
1 Millstream Bank, Worthen, Shrewsbury, Shropshire, SY5 9EY	£575,000	£550,000	-£25,000	16 Jan 2023	21 Mar 2024	430 Days
12 Harley Drive, Condover, Shrewsbury, Shropshire, SY5 7AY	£325,000	£315,000	-£10,000	07 Jul 2023	14 Mar 2024	251 Days
1 The Moors, Cressage, Shrewsbury, Shropshire, SY5 6DA	£249,995	£230,000	-£19,995	03 May 2023	01 Mar 2024	303 Days
62 Callow Crescent, Minsterley, Shrewsbury, Shropshire, SY5 0DB	£260,000	£250,000	-£10,000	07 Jul 2023	17 Jan 2024	194 Days
4 Horsebridge, Minsterley, Shrewsbury, Shropshire, SY5 0AH	£295,000	£271,000	-£24,000	31 Aug 2023	05 Jan 2024	127 Days
Woodlands, Polesgate, Pontesbury, Shrewsbury, Shropshire, SY5 0YL	£695,000	£675,000	-£20,000	08 Sep 2023	18 Dec 2023	101 Days
41 Severn Way, Cressage, Shrewsbury, Shropshire, SY5 6DS	£280,000	£275,000	-£5,000	18 Jul 2023	15 Dec 2023	150 Days
3 Roseway, Worthen, Shrewsbury, Shropshire, SY5 9HN	£435,000	£415,000	-£20,000	01 Nov 2022	01 Dec 2023	395 Days
31 Manor Crest, Ford, Shrewsbury, Shropshire, SY5 9NZ	£465,000	£455,000	-£10,000	28 Apr 2023	24 Nov 2023	210 Days
4 Rural Cottages, Westbury, Shrewsbury, Shropshire, SY5 9QT	£240,000	£230,000	-£10,000	10 Jul 2023	17 Nov 2023	130 Days

Most Expensive Streets in SY5 (Shrewsbury)

Postcode	Street	Area	Average	No. of Sales
SY5 7DU	Condover Park, Condover	Shrewsbury	£929,166	3
SY5 6RL	Garmston	Shrewsbury	£879,166	3
SY5 8QP	The Firs, Bowbrook	Shrewsbury	£854,375	4
SY5 6BP	Cound Park Gardens, Cound	Shrewsbury	£800,000	3
SY5 8HA	Summer House Lane, Longden	Shrewsbury	£706,833	5
SY5 7DZ	Tudor Field, Dorrington	Shrewsbury	£696,666	3
SY5 6BS	Shore Lane, Cressage	Shrewsbury	£685,612	4
SY5 7LW	Ryton	Shrewsbury	£684,102	5
SY5 7JA	Falkland Road, Dorrington	Shrewsbury	£662,142	7
SY5 6BN	Cound Park Drive, Cound	Shrewsbury	£653,333	3

Least Expensive Streets in SY5 (Shrewsbury)

Postcode	Street	Area	Average	No. of Sales
SY5 7BP	Morris Close, Condover	Shrewsbury	£74,950	5
SY5 8NQ	Oaklands View, Hanwood	Shrewsbury	£98,000	3
SY5 6JG	Haycock House, The Chestnuts	Shrewsbury	£118,954	11
SY5 0QY	Station Road, Pontesbury	Shrewsbury	£123,333	3
SY5 9NX	Compton Mews, Ford	Shrewsbury	£125,333	6
SY5 9HU	Brockton	Shrewsbury	£155,500	3
SY5 0BH	Station Terrace, Minsterley	Shrewsbury	£158,333	3
SY5 9BT	Maes Hafren, Crew Green	Shrewsbury	£158,908	6
SY5 0RJ	Chapel Street, Pontesbury	Shrewsbury	£163,333	6
SY5 6LJ	High Cross Avenue, Cross Houses	Shrewsbury	£164,357	7