13, WELLGATE, WEM, SHREWSBURY, SY4 5ES - £175,000

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

13 WELLGATE is a small detached house of 78m², built sometime between 1976 and 1982. It was last sold for £175,000 in August 2005, which was around 27% below the average August 2005 detached price in the Shropshire local authority area. The most recent EPC inspection was September 2024, where the current energy rating was C, and the potential energy rating was B.

13 WELLGATE Sold Prices

Land registry data shows two sales for 13 WELLGATE 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 13 WELLGATE 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
2005 12 AUG	£175,000	£240,393	27% below HPI
2002 7 MAY	£100,000	£149,374	33% below HPI

13 WELLGATE 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 13 WELLGATE sales from May 2002 and August 2005 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 May 2002 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the August 2005 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 13 WELLGATE?

13 WELLGATE is 78m² according to the EPC inspection conducted in September 2024. This puts it in the smallest 30% of detached houses in Wem, based on EPC data. The below chart shows the distribution of detached houses by size in Wem, and where 13 WELLGATE lies on this distribution: 27% of detached houses are smaller than 13 WELLGATE, and 72% of houses are larger. Note that EPC data is not available for all properties in Wem.

13 WELLGATE: Plot and Title Map

13 WELLGATE sits on a plot of roughly 0.075 of an acre, or 303m². The below map shows the location of 13 WELLGATE, 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 13 WELLGATE). 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 13 WELLGATE?

13 WELLGATE is located in WEM, in the SY4 postcode district. The below map shows the position of No. 13 on WELLGATE.