2, CEDAR GROVE, WEM, SHREWSBURY, SY4 5DQ - £238,000

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

2 CEDAR GROVE is a large detached house of 131m², built sometime between 1996 and 2002. It was last sold for £238,000 in April 2010, which was around 6% below the average April 2010 detached price in the Shropshire local authority area. The most recent EPC inspection was October 2009, where the current energy rating was D, and the potential energy rating was D.

2 CEDAR GROVE Sold Prices

Land registry data shows two sales for 2 CEDAR GROVE 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. One of the two 2 CEDAR GROVE sales was for below the average price, whilst the other was roughly equal to 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
2010 9 APR	£238,000	£253,406	6% below HPI
1999 27 AUG	£107,500	£107,795	Close to HPI

2 CEDAR GROVE 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 2 CEDAR GROVE sales from August 1999 and April 2010 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 August 1999 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the April 2010 sale, where it falls to 6% below the HPI. The line then continues to track at 6% below the HPI.

How Large is 2 CEDAR GROVE?

2 CEDAR GROVE is 131m² according to the EPC inspection conducted in October 2009. 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 2 CEDAR GROVE lies on this distribution: 77% of detached houses are smaller than 2 CEDAR GROVE, and 22% of houses are larger. Note that EPC data is not available for all properties in Wem.

2 CEDAR GROVE: Plot and Title Map

2 CEDAR GROVE sits on a plot of roughly 0.109 of an acre, or 440m². The below map shows the location of 2 CEDAR GROVE, 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 2 CEDAR GROVE). 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 2 CEDAR GROVE?

2 CEDAR GROVE is located in WEM, in the SY4 postcode district. The below map shows the position of No. 2 on CEDAR GROVE.