17, WELLGATE, WEM, SHREWSBURY, SY4 5ES - £165,500

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

17 WELLGATE is a small detached house of 70m², built sometime between 1967 and 1975. It was last sold for £165,500 in July 2015, which was around 39% below the average July 2015 detached price in the Shropshire local authority area. The most recent EPC inspection was May 2010, where the current energy rating was D, and the potential energy rating was C.

17 WELLGATE Sold Prices

Land registry data shows two sales for 17 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 17 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
2015 15 JUL	£165,500	£270,117	39% below HPI
2010 8 OCT	£145,000	£261,342	45% below HPI

17 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 17 WELLGATE sales from October 2010 and July 2015 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 2010 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the July 2015 sale, where it rises to 39% below the HPI. The line then continues to track at 39% below the HPI.

How Large is 17 WELLGATE?

17 WELLGATE is 70m² according to the EPC inspection conducted in May 2010. 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 17 WELLGATE lies on this distribution: 20% of detached houses are smaller than 17 WELLGATE, and 80% of houses are larger. Note that EPC data is not available for all properties in Wem.

17 WELLGATE: Plot and Title Map

17 WELLGATE sits on a plot of roughly 0.093 of an acre, or 376m². The below map shows the location of 17 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 17 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 17 WELLGATE?

17 WELLGATE is located in WEM, in the SY4 postcode district. The below map shows the position of No. 17 on WELLGATE.