12, DRAWWELL LANE, WEM, SHREWSBURY, SY4 5ET - £320,000

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

12 DRAWWELL LANE is a midsized detached house of 92m², built sometime between 1991 and 1995. It was last sold for £320,000 in February 2023, which was around 19% below the average February 2023 detached price in the Shropshire local authority area. The most recent EPC inspection was August 2018, where the current energy rating was D, and the potential energy rating was B.

12 DRAWWELL LANE Sold Prices

Land registry data shows three sales for 12 DRAWWELL LANE 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 12 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
2023 2 FEB	£320,000	£394,297	19% below HPI
2018 23 NOV	£259,950	£308,838	16% below HPI
2004 1 OCT	£227,500	£239,044	5% below HPI

12 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 three 12 DRAWWELL LANE sales between October 2004 and February 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 November 2018 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the February 2023 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 12 DRAWWELL LANE?

12 DRAWWELL LANE is 92m² according to the EPC inspection conducted in August 2018. This puts it in the smallest 50% of detached houses in Wem, based on EPC data. The below chart shows the distribution of detached houses by size in Wem, and where 12 DRAWWELL LANE lies on this distribution: 44% of detached houses are smaller than 12 DRAWWELL LANE, and 55% of houses are larger. Note that EPC data is not available for all properties in Wem.

12 DRAWWELL LANE: Plot and Title Map

12 DRAWWELL LANE sits on a plot of roughly 0.093 of an acre, or 376m². The below map shows the location of 12 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 12 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 12 DRAWWELL LANE?

12 DRAWWELL LANE is located in WEM, in the SY4 postcode district. The below map shows the position of No. 12 on DRAWWELL LANE.