1, LACON DRIVE, WEM, SHREWSBURY, SY4 5JA - £263,000

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 LACON DRIVE is a small detached house of 81m², built sometime between 1967 and 1975. It was last sold for £263,000 in August 2022, which was around 32% below the average August 2022 detached price in the Shropshire local authority area. The most recent EPC inspection was December 2021, where the current energy rating was D, and the potential energy rating was C.

1 LACON DRIVE Sold Prices

Land registry data shows three sales for 1 LACON DRIVE 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 1 LACON DRIVE 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
2022 30 AUG	£263,000	£384,303	32% below HPI
2002 4 OCT	£147,500	£169,966	13% below HPI
1999 29 JUN	£70,000	£102,040	31% below HPI

1 LACON DRIVE 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 1 LACON DRIVE sales between June 1999 and August 2022 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 2002 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the August 2022 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 1 LACON DRIVE?

1 LACON DRIVE is 81m² according to the EPC inspection conducted in December 2021. 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 LACON DRIVE lies on this distribution: 31% of detached houses are smaller than 1 LACON DRIVE, and 69% of houses are larger. Note that EPC data is not available for all properties in Wem.

1 LACON DRIVE: Plot and Title Map

1 LACON DRIVE sits on a plot of roughly 0.159 of an acre, or 643m². The below map shows the location of 1 LACON DRIVE, 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 LACON DRIVE). 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 LACON DRIVE?

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