Mill Lane - SY5 8LT
Key Postcode Insights
SY5 8LT is a residential postcode situated on Mill Lane, Hanwood, Shrewsbury, SY5 with 8 addresses.
It ranks as the 650th largest and 835th most expensive of the 1,049 postcodes in the SY5 area. The most common property type is a period house built between 1800 and 1911.
The postcode contains a total of 8 properties: 8 houses.
- Ave. Sale Price
- £511,729
- 10 Year change
- up 34.3%
- Ave. Rental Price
- £1,642pcm
- 10 Year change
- up 51.4%
- Ave. £ per ft²
- £274/ft²
- Ave. Gross Yield
- 3.9%/year/yr
Key Postcode Insights
SY5 8LT is a residential postcode situated on Mill Lane, Hanwood, Shrewsbury, SY5 with 8 addresses.
It ranks as the 650th largest and 835th most expensive of the 1,049 postcodes in the SY5 area. The most common property type is a period house built between 1800 and 1911.
The postcode contains a total of 8 properties: 8 houses.
- Ave. Sale Price
- £511,729
- 10 Year change
- up 34.3%
- Ave. Rental Price
- £1,642pcm
- 10 Year change
- up 51.4%
- Ave. £ per ft²
- £274/ft²
- Ave. Gross Yield
- 3.9%/year/yr
Explore Propertiesin SY5 8LT
- Cobden House
5 Bed Period House
- Holly Bank
House
- Mill House
House
- Millbrook House
House
- Oak Ridge
5 Bed Modern House
Sales Market Trends
The last sale in SY5 8LT sold for £465,000 on 25th November 2020. Since then prices are up an average of 16.1%.
The current average value in the postcode is £511,729.
The SY5 8LT Sales Market has increased by 34.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -3.1% | £511,729 |
| June 2025 | 1.2% | £528,173 |
| June 2024 | -1.1% | £521,924 |
| June 2023 | 2.7% | £527,776 |
| June 2022 | 11.4% | £513,978 |
| June 2021 | 8.1% | £461,175 |
| June 2020 | 3.4% | £426,454 |
| June 2019 | 2.5% | £412,344 |
| June 2018 | 3.4% | £402,330 |
| June 2017 | 2.1% | £389,236 |
| June 2016 | 4.1% | £381,119 |
| June 2015 | 5.8% | £366,207 |
| June 2014 | 4.6% | £346,060 |
| June 2013 | 1.4% | £330,708 |
| June 2012 | -0.2% | £325,981 |
| June 2011 | -0.4% | £326,661 |
| June 2010 | 4.4% | £328,112 |
| June 2009 | -7.6% | £314,357 |
| June 2008 | -1.2% | £340,350 |
| June 2007 | 0% | £344,553 |
Rental Market Trends
The current average rental value in the postcode is £1,642.
The SY5 8LT Rental Market has increased by 51.4% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 3.4% | £1,642pcm |
| June 2025 | 5.2% | £1,587pcm |
| June 2024 | 6.3% | £1,510pcm |
| June 2023 | 7.6% | £1,420pcm |
| June 2022 | 7.6% | £1,320pcm |
| June 2021 | 7.6% | £1,226pcm |
| June 2020 | 1.3% | £1,140pcm |
| June 2019 | 2% | £1,125pcm |
| June 2018 | 0.5% | £1,103pcm |
| June 2017 | 1.2% | £1,097pcm |
| June 2016 | 2.8% | £1,084pcm |
| June 2015 | 2.8% | £1,055pcm |
| June 2014 | 2.9% | £1,027pcm |
| June 2013 | 2.6% | £998pcm |
| June 2012 | 0.9% | £973pcm |
| June 2011 | 1.1% | £965pcm |
| June 2010 | 3.5% | £954pcm |
| June 2009 | -4.2% | £922pcm |
| June 2008 | 6.1% | £962pcm |
| June 2007 | 0% | £907pcm |
Sales History
The last sale was on 25th November 2020 for £465,000 and since then the market in the area has increased by 16.1%. The postcode has had a total of 12 sales since 1995.
SY5 8LT has seen no sales in the last three years and no sales in the last twelve months.
- Sold Nov 2020£465,000 | 5 Bed HouseOak Ridge, Mill Lane, Shrewsbury, SY5 8LTOak Ridge, Mill Lane, Shrewsbury, SY5 8LT
- Sold Mar 2020£850,000 | 5 Bed HouseCobden House, Mill Lane, Shrewsbury, SY5 8LTCobden House, Mill Lane, Shrewsbury, SY5 8LT
- Sold Oct 2018£295,000 | 4 Bed HouseWillow Bank, Mill Lane, Shrewsbury, SY5 8LTWillow Bank, Mill Lane, Shrewsbury, SY5 8LT
- Sold Nov 2013£295,000 | 4 Bed HouseOakland, Mill Lane, Shrewsbury, SY5 8LTOakland, Mill Lane, Shrewsbury, SY5 8LT
- Sold Nov 2012£237,500 | 4 Bed HouseWillow Bank, Mill Lane, Shrewsbury, SY5 8LTWillow Bank, Mill Lane, Shrewsbury, SY5 8LT
Nearby Postcodes
SY5 8LT is the 650th largest and the 835th most expensive postcode out of the 1,049 postcodes in the SY5 area.
- SY5 8LU, Mill Lane, Hanwood, Shrewsbury, SY5SY5 8LU4 Addresses|38 m away
- SY5 8NA, Hanwood, Shrewsbury, SY5SY5 8NA2 Addresses|61 m away
- SY5 8NB, Caradoc View, Hanwood, Shrewsbury, SY5SY5 8NB33 Addresses|124 m away
- SY5 8LX, Bridge Lane, Hanwood, Shrewsbury, SY5SY5 8LX5 Addresses|212 m away
- SY5 8ND, Caradoc View, Hanwood, Shrewsbury, SY5SY5 8ND42 Addresses|215 m away
Property Types
- 2 period houses built between 1800 and 1911
- 2 modern houses built after 1980
- 1 mid-century house built between 1936 and 1979
- 3 other addresses of unknown type
- period house (2)
- modern house (2)
- mid-century house (1)
- Unknown (3)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 5 properties.
- The most common rating is D.
- A (1)
- E (2)
- B (0)
- F (0)
- C (0)
- G (0)
- D (2)
- No EPC (3)
Top 3 Most Expensive Sales
- Sold Mar 2020£850,000 | 5 Bed HouseCobden House, Mill Lane, Shrewsbury, SY5 8LTCobden House, Mill Lane, Shrewsbury, SY5 8LT
- Sold Nov 2020£465,000 | 5 Bed HouseOak Ridge, Mill Lane, Shrewsbury, SY5 8LTOak Ridge, Mill Lane, Shrewsbury, SY5 8LT
- Sold May 2006£315,000 | 4 Bed HouseSmall House, Mill Lane, Shrewsbury, SY5 8LTSmall House, Mill Lane, Shrewsbury, SY5 8LT
Schools Nearby
- St Thomas and St Anne CofE Primary School1.4 km away
- Bowbrook Primary School2.4 km away
- Radbrook Primary School2.9 km away
- Meole Brace School3.2 km away
- The Priory School3.4 km away
- Mary Webb School and Science College6.2 km away
More reading links
Public Transport Nearby
The closest station to SY5 8LT is Shrewsbury station, which is 5.3 kilometres away.
- Shrewsbury|5.3 km away
- Yorton|14.7 km away
- Church Stretton|16.5 km away
- Wem|20.1 km away
