2, CRAB TREE LANE, WEM, SHREWSBURY, SY4 5AJ - £230,000

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 CRAB TREE LANE is a small detached house of 86m², built sometime between 1976 and 1982. It was last sold for £230,000 in July 2019, which was around 25% below the average July 2019 detached price in the Shropshire local authority area. The most recent EPC inspection was June 2018, where the current energy rating was D, and the potential energy rating was B.

2 CRAB TREE LANE Sold Prices

Land registry data shows two sales for 2 CRAB TREE LANE 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 2 CRAB TREE LANE 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
2019 30 JUL	£230,000	£307,300	25% below HPI
2017 15 SEP	£107,325	£295,256	64% below HPI

2 CRAB TREE 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 two 2 CRAB TREE LANE sales from September 2017 and July 2019 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 September 2017 sale was for 64% below the HPI. So the extrapolation line tracks at 64% below the HPI over time, until the July 2019 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 2 CRAB TREE LANE?

2 CRAB TREE LANE is 86m² according to the EPC inspection conducted in June 2018. 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 2 CRAB TREE LANE lies on this distribution: 37% of detached houses are smaller than 2 CRAB TREE LANE, and 63% of houses are larger. Note that EPC data is not available for all properties in Wem.

2 CRAB TREE LANE: Plot and Title Map

2 CRAB TREE LANE sits on a plot of roughly 6.1 acres, or 24,615m². The below map shows the location of 2 CRAB TREE 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 2 CRAB TREE 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 2 CRAB TREE LANE?

2 CRAB TREE LANE is located in WEM, in the SY4 postcode district. The below map shows the position of No. 2 on CRAB TREE LANE.