1, BAILEY CLOSE, WEM, SHREWSBURY, SY4 5UR - £240,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 BAILEY CLOSE is a very small extended detached house of 64m², built sometime between 1967 and 1975. It was last sold for £240,000 in September 2023, which was around 39% below the average September 2023 detached price in the Shropshire local authority area. The most recent EPC inspection was October 2013, where the current energy rating was E, and the potential energy rating was B.

1 BAILEY CLOSE Sold Prices

Land registry data shows two sales for 1 BAILEY 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 BAILEY 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
2023 29 SEP	£240,000	£393,176	39% below HPI
1996 26 APR	£50,000	£81,394	39% below HPI

1 BAILEY 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 BAILEY CLOSE sales from April 1996 and September 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 April 1996 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the September 2023 sale, which was also at 39% below the HPI.

How Large is 1 BAILEY CLOSE?

1 BAILEY CLOSE is 64m², which includes one extension, according to the EPC inspection conducted in October 2013. This puts it in the smallest 20% 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 BAILEY CLOSE lies on this distribution: 15% of detached houses are smaller than 1 BAILEY CLOSE, and 84% of houses are larger. Note that EPC data is not available for all properties in Wem.

1 BAILEY CLOSE: Plot and Title Map

1 BAILEY CLOSE sits on a plot of roughly 8.1 acres, or 32,882m². The below map shows the location of 1 BAILEY 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 BAILEY 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 BAILEY CLOSE?

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