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Discover Property Prices for Penson Way, SY1
Check the latest house sale activity on Penson Way in the SY1 district in Shrewsbury and how it compares regionally.
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Associated Postcodes:
SY1 2AN, SY1 2BF
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House Prices > Shrewsbury > SY1 > Penson Way
Street’s Property Overview
Handy Highlights of Property Prices in Penson Way
- Since 2021, Penson Way has had 54 transactions recorded, with homes selling for an average of £205,400. The average property is 711 square feet, resulting in £273 per square foot.
- Properties on Penson Way have sold for amounts between £153,000 and £295,000. The cost per square foot ranged from £222 to £328.
- The latest house story on Penson Way was written in December 2024.
Property Values vs the Vicinity
Property Trends: Penson Way vs Surrounding Areas
By Sector
SY1 2
Penson Way beats the sector average by shaving off roughly 2%. (£209,800 vs £205,400). On closer look, settling in Penson Way could mean avoiding roughly £4,400 in extra costs compared to SY1 2.
By District
i.e. SY1
Penson Way leaves change in your pocket; the SY1 district takes 1% more from it. (£208,100 vs £205,400). Based on this data, a comparable home on Penson Way might cost £2,700 less than a similar one elsewhere in the same district.
By City or Town
i.e. Shrewsbury
The cost of living on Penson Way is, on average, 53% lower than in Shrewsbury. (£205,400 vs £313,000). Thus, opting for Penson Way could mean an overall cost reduction of £108,000.
Hidden Gems of the Street
Practical Useful Facts for Penson Way
- This road is lined with 155 properties, encompassing 2 postcodes.
- Both new-builds and older properties have been recorded in the transaction history of Penson Way.
- On Penson Way, the average EPC rating is presently 84 (B) with a potential improvement to 90 (B).
- Properties on Penson Way offer an average of 711 square feet, which is 48% above the Shrewsbury norm.
- The housing activity here is more rapid, with transactions closing every 2 months instead of the usual 10.17 months pace in SY1.
City Property Trends
Buying in Shrewsbury? These Reads Make It Easier
Planning to buy or invest in Shrewsbury? Delve into our expert pieces for the best streets, market movements, and advice to clinch a solid deal.
Also, you’ll find property trends by type and region clearly laid out on the House Prices in Shrewsbury page on our site.
District Day Trip Ideas
Unpacking SY1: Insights & Info
When evaluating SY1, it’s essential to consider its unique balance of historical significance and modern comfort. Data indicates a thriving property market, with housing prices showing a steady increase. Compared to other districts in Shrewsbury, SY1 offers competitive rates and a robust rental market, ideal for both local and external investors seeking stable returns.
361
No. of Roads
3,054
No. of Transactions
£300K
Avg. Property Price
898
per sq/ft
Avg. Property Size
£237
per sq/ft
Avg. Cost Per Sq/Ft
Nearby Streets to See
Nearby Streets That Stand Out
Popular Roads in SY1
SY1 Roads with Similar Prices
- Allestree Close
- Round Hill Lane
- Ludford Drive
- Woodlark Close
- St Marys Place
- Regents Drive
Roads Near Penson Way
- Castle Court
- Ellesmere Road
- Albert Street
- Argyll Street
- Avondale Drive
- Barton Close
