16, SOMERSET WAY, WEM, SHREWSBURY, SY4 5UW - £260,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

16 SOMERSET WAY is a small extended semi-detached house of 84m², built sometime between 1991 and 1995. It was last sold for £260,000 in July 2024, which was around 34% below the average July 2024 detached price in the Shropshire local authority area. The most recent EPC inspection was March 2024, where the current energy rating was C, and the potential energy rating was B.

16 SOMERSET WAY Sold Prices

Land registry data shows two sales for 16 SOMERSET WAY 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 16 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
2024 23 JUL	£260,000	£395,417	34% below HPI
2018 12 OCT	£154,000	£311,928	51% below HPI

16 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 two 16 SOMERSET WAY sales from October 2018 and July 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 October 2018 sale was for 51% below the HPI. So the extrapolation line tracks at 51% below the HPI over time, until the July 2024 sale, where it rises to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is 16 SOMERSET WAY?

16 SOMERSET WAY is 84m², which includes one extension, according to the EPC inspection conducted in March 2024. This puts it in the smallest 40% of detached houses in Wem, based on EPC data. The below chart shows the distribution of detached houses by size in Wem, and where 16 SOMERSET WAY lies on this distribution: 35% of detached houses are smaller than 16 SOMERSET WAY, and 65% of houses are larger. Note that EPC data is not available for all properties in Wem.

16 SOMERSET WAY: Plot and Title Map

16 SOMERSET WAY sits on a plot of roughly 8.1 acres, or 32,882m². The below map shows the location of 16 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 16 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 16 SOMERSET WAY?

16 SOMERSET WAY is located in WEM, in the SY4 postcode district. The below map shows the position of No. 16 on SOMERSET WAY.