1, DRAWWELL LANE, WEM, SHREWSBURY, SY4 5ET - £195,000

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 DRAWWELL LANE is a small detached house of 84m², built sometime between 1950 and 1966. It was last sold for £195,000 in September 2004, which was around 18% below the average September 2004 detached price in the Shropshire local authority area. The most recent EPC inspection was September 2014, where the current energy rating was D, and the potential energy rating was B.

1 DRAWWELL LANE Sold Prices

Land registry data shows two sales for 1 DRAWWELL LANE 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 DRAWWELL LANE 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
2004 16 SEP	£195,000	£239,150	18% below HPI
2000 7 SEP	£89,000	£125,759	29% below HPI

1 DRAWWELL LANE 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 DRAWWELL LANE sales from September 2000 and September 2004 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 September 2000 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the September 2004 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 1 DRAWWELL LANE?

1 DRAWWELL LANE is 84m² according to the EPC inspection conducted in September 2014. 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 DRAWWELL LANE lies on this distribution: 35% of detached houses are smaller than 1 DRAWWELL LANE, and 65% of houses are larger. Note that EPC data is not available for all properties in Wem.

1 DRAWWELL LANE: Plot and Title Map

1 DRAWWELL LANE sits on a plot of roughly 0.112 of an acre, or 453m². The below map shows the location of 1 DRAWWELL LANE, 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 DRAWWELL LANE). 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 DRAWWELL LANE?

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