15, ARDEN CLOSE, WEM, SHREWSBURY, SY4 5LX - £187,500

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

15 ARDEN CLOSE is a very small detached house of 61m², built sometime between 1983 and 1990. It was last sold for £187,500 in March 2020, which was around 40% below the average March 2020 detached price in the Shropshire local authority area. The most recent EPC inspection was December 2013, where the current energy rating was D, and the potential energy rating was B.

15 ARDEN CLOSE Sold Prices

Land registry data shows two sales for 15 ARDEN 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 15 ARDEN 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
2020 25 MAR	£187,500	£314,701	40% below HPI
2006 30 JUN	£160,000	£254,316	37% below HPI

15 ARDEN 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 15 ARDEN CLOSE sales from June 2006 and March 2020 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 June 2006 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the March 2020 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

How Large is 15 ARDEN CLOSE?

15 ARDEN CLOSE is 61m² according to the EPC inspection conducted in December 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 15 ARDEN CLOSE lies on this distribution: 11% of detached houses are smaller than 15 ARDEN CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Wem.

15 ARDEN CLOSE: Plot and Title Map

15 ARDEN CLOSE sits on a plot of roughly 0.071 of an acre, or 286m². The below map shows the location of 15 ARDEN 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 15 ARDEN 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 15 ARDEN CLOSE?

15 ARDEN CLOSE is located in WEM, in the SY4 postcode district. The below map shows the position of No. 15 on ARDEN CLOSE.