15, SOMERSET WAY, WEM, SHREWSBURY, SY4 5UP - £245,000

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

15 SOMERSET WAY is a large extended detached house of 128m², built sometime between 1976 and 1982. It was last sold for £245,000 in June 2013, which was around 3% below the average June 2013 detached price in the Shropshire local authority area. The most recent EPC inspection was July 2014, where the current energy rating was D, and the potential energy rating was B.

15 SOMERSET WAY Sold Prices

Land registry data shows four sales for 15 SOMERSET WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Shropshire local authority area for the corresponding sale date. All of the four 15 SOMERSET WAY 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
2013 13 JUN	£245,000	£253,034	3% below HPI
2001 16 JUL	£103,000	£134,790	24% below HPI
2000 8 DEC	£87,500	£128,163	32% below HPI
1998 27 FEB	£70,000	£93,580	25% below HPI

15 SOMERSET WAY 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 four 15 SOMERSET WAY sales between February 1998 and June 2013 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 July 2001 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the June 2013 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

How Large is 15 SOMERSET WAY?

15 SOMERSET WAY is 128m², which includes two extensions, according to the EPC inspection conducted in July 2014. This puts it in the largest 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 15 SOMERSET WAY lies on this distribution: 75% of detached houses are smaller than 15 SOMERSET WAY, and 24% of houses are larger. Note that EPC data is not available for all properties in Wem.

15 SOMERSET WAY: Plot and Title Map

15 SOMERSET WAY sits on a plot of roughly 0.134 of an acre, or 541m². The below map shows the location of 15 SOMERSET WAY, 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 SOMERSET WAY). 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 SOMERSET WAY?

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