2, WELLGATE, WEM, SHREWSBURY, SY4 5ES - £150,000

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 WELLGATE is a small detached house of 76m², built sometime between 1967 and 1975. It was last sold for £150,000 in February 2015, which was around 44% below the average February 2015 detached price in the Shropshire local authority area. The most recent EPC inspection was November 2014, where the current energy rating was D, and the potential energy rating was B.

2 WELLGATE Sold Prices

Land registry data shows two sales for 2 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 2 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 27 FEB	£150,000	£266,018	44% below HPI
2000 22 MAY	£77,000	£114,582	33% below HPI

2 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 2 WELLGATE sales from May 2000 and February 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 May 2000 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the February 2015 sale, where it falls to 44% below the HPI. The line then continues to track at 44% below the HPI.

How Large is 2 WELLGATE?

2 WELLGATE is 76m² according to the EPC inspection conducted in November 2014. 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 2 WELLGATE lies on this distribution: 24% of detached houses are smaller than 2 WELLGATE, and 76% of houses are larger. Note that EPC data is not available for all properties in Wem.

2 WELLGATE: Plot and Title Map

2 WELLGATE sits on a plot of roughly 0.108 of an acre, or 437m². The below map shows the location of 2 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 2 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 2 WELLGATE?

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