1, ALVIN CLOSE, WEM, SHREWSBURY, SY4 5HB - £220,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 ALVIN CLOSE is a small detached house of 86m², built sometime between 1950 and 1966. It was last sold for £220,000 in January 2016, which was around 22% below the average January 2016 detached price in the Shropshire local authority area. The most recent EPC inspection was June 2013, where the current energy rating was D, and the potential energy rating was B.

1 ALVIN CLOSE Sold Prices

Land registry data shows two sales for 1 ALVIN CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Shropshire local authority area for the corresponding sale date. Both of the two 1 ALVIN CLOSE 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
2016 15 JAN	£220,000	£281,529	22% below HPI
1997 28 OCT	£74,500	£94,569	21% below HPI

1 ALVIN CLOSE 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 two 1 ALVIN CLOSE sales from October 1997 and January 2016 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 1997 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the January 2016 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 1 ALVIN CLOSE?

1 ALVIN CLOSE is 86m² according to the EPC inspection conducted in June 2013. This puts it in the smallest 40% of detached houses in Wem, based on EPC data. The below chart shows the distribution of detached houses by size in Wem, and where 1 ALVIN CLOSE lies on this distribution: 36% of detached houses are smaller than 1 ALVIN CLOSE, and 63% of houses are larger. Note that EPC data is not available for all properties in Wem.

1 ALVIN CLOSE: Plot and Title Map

1 ALVIN CLOSE sits on a plot of roughly 0.141 of an acre, or 571m². The below map shows the location of 1 ALVIN CLOSE, 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 1 ALVIN CLOSE). 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 1 ALVIN CLOSE?

1 ALVIN CLOSE is located in WEM, in the SY4 postcode district. The below map shows the position of No. 1 on ALVIN CLOSE.