15, WELLGATE, WEM, SHREWSBURY, SY4 5ES - £210,000

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

15 WELLGATE is a small detached house of 80m², built sometime between 1967 and 1975. It was last sold for £210,000 in May 2024, which was around 47% below the average May 2024 detached price in the Shropshire local authority area. The most recent EPC inspection was November 2023, where the current energy rating was D, and the potential energy rating was C.

15 WELLGATE Sold Prices

Land registry data shows two sales for 15 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 15 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
2024 15 MAY	£210,000	£393,229	47% below HPI
2005 1 JUL	£160,000	£235,354	32% below HPI

15 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 15 WELLGATE sales from July 2005 and May 2024 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 2005 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the May 2024 sale, where it falls to 47% below the HPI. The line then continues to track at 47% below the HPI.

How Large is 15 WELLGATE?

15 WELLGATE is 80m² according to the EPC inspection conducted in November 2023. 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 15 WELLGATE lies on this distribution: 30% of detached houses are smaller than 15 WELLGATE, and 70% of houses are larger. Note that EPC data is not available for all properties in Wem.

15 WELLGATE: Plot and Title Map

15 WELLGATE sits on a plot of roughly 0.080 of an acre, or 324m². The below map shows the location of 15 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 15 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 15 WELLGATE?

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