18, WELL MEAD LANE, LONGDEN, SHREWSBURY, SY5 8EW - £520,000

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

18 WELL MEAD LANE is a very small detached house of 92m², built sometime between 1967 and 1975. It was last sold for £520,000 in November 2023, which was around 32% above the average November 2023 detached price in the Shropshire local authority area. The most recent EPC inspection was May 2023, where the current energy rating was D, and the potential energy rating was B.

18 WELL MEAD LANE Sold Prices

Land registry data shows three sales for 18 WELL MEAD LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Shropshire local authority area for the corresponding sale date. All of the three 18 WELL MEAD LANE sales were for above 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
2023 16 NOV	£520,000	£394,526	32% above HPI
2012 14 DEC	£345,000	£250,828	38% above HPI
1998 30 OCT	£145,000	£100,475	44% above HPI

18 WELL MEAD LANE 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 three 18 WELL MEAD LANE sales between October 1998 and November 2023 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 December 2012 sale was for 38% above the HPI. So the extrapolation line tracks at 38% above the HPI over time, until the November 2023 sale, where it falls to 32% above the HPI. The line then continues to track at 32% above the HPI.

How Large is 18 WELL MEAD LANE?

18 WELL MEAD LANE is 92m² according to the EPC inspection conducted in May 2023. This puts it in the smallest 10% of detached houses in Longden, based on EPC data. The below chart shows the distribution of detached houses by size in Longden, and where 18 WELL MEAD LANE lies on this distribution: 3% of detached houses are smaller than 18 WELL MEAD LANE, and 97% of houses are larger. Note that EPC data is not available for all properties in Longden.

18 WELL MEAD LANE: Plot and Title Map

18 WELL MEAD LANE sits on a plot of roughly 0.261 of an acre, or 1,054m². The below map shows the location of 18 WELL MEAD LANE, 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 18 WELL MEAD LANE). 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 18 WELL MEAD LANE?

18 WELL MEAD LANE is located in LONGDEN, in the SY5 postcode district. The below map shows the position of No. 18 on WELL MEAD LANE.