5, SOMERSET WAY, WEM, SHREWSBURY, SY4 5UP - £290,000

5 SOMERSET WAY is a small detached house of 78m², built sometime between 1976 and 1982. It was last sold for £290,000 in November 2023, which was around 27% below the average November 2023 detached price in the Shropshire local authority area. The most recent EPC inspection was January 2018, where the current energy rating was D, and the potential energy rating was B.

5 SOMERSET WAY Sold Prices

Land registry data shows three sales for 5 SOMERSET WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Shropshire local authority area for the corresponding sale date. All of the three 5 SOMERSET WAY sales were for below 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
2023 24 NOV	£290,000	£396,177	27% below HPI
2018 3 AUG	£195,000	£310,424	37% below HPI
2004 7 APR	£160,000	£215,212	26% below HPI

5 SOMERSET WAY 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 three 5 SOMERSET WAY sales between April 2004 and November 2023 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 August 2018 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the November 2023 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 5 SOMERSET WAY?

5 SOMERSET WAY is 78m² according to the EPC inspection conducted in January 2018. This puts it in the smallest 30% of detached houses in Wem, based on EPC data. The below chart shows the distribution of detached houses by size in Wem, and where 5 SOMERSET WAY lies on this distribution: 27% of detached houses are smaller than 5 SOMERSET WAY, and 72% of houses are larger. Note that EPC data is not available for all properties in Wem.

5 SOMERSET WAY: Plot and Title Map

5 SOMERSET WAY sits on a plot of roughly 8.1 acres, or 32,882m². The below map shows the location of 5 SOMERSET WAY, 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 5 SOMERSET WAY). 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 5 SOMERSET WAY?

5 SOMERSET WAY is located in WEM, in the SY4 postcode district. The below map shows the position of No. 5 on SOMERSET WAY.