27, GARBET CLOSE, WEM, SHREWSBURY, SY4 5JT - £125,000

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

27 GARBET CLOSE is a very small detached house of 66m². It was last sold for £125,000 in June 2010, which was around 52% below the average June 2010 detached price in the Shropshire local authority area. The most recent EPC inspection was November 2009, where the current energy rating was C, and the potential energy rating was C.

27 GARBET CLOSE Sold Prices

Land registry data shows two sales for 27 GARBET CLOSE 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 27 GARBET CLOSE 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
2010 25 JUN	£125,000	£258,262	52% below HPI
1995 18 JUL	£63,000	£83,072	24% below HPI

27 GARBET CLOSE 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 27 GARBET CLOSE sales from July 1995 and June 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 July 1995 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the June 2010 sale, where it falls to 52% below the HPI. The line then continues to track at 52% below the HPI.

How Large is 27 GARBET CLOSE?

27 GARBET CLOSE is 66m² according to the EPC inspection conducted in November 2009. This puts it in the smallest 20% of detached houses in Wem, based on EPC data. The below chart shows the distribution of detached houses by size in Wem, and where 27 GARBET CLOSE lies on this distribution: 17% of detached houses are smaller than 27 GARBET CLOSE, and 83% of houses are larger. Note that EPC data is not available for all properties in Wem.

27 GARBET CLOSE: Plot and Title Map

27 GARBET CLOSE sits on a plot of roughly 0.123 of an acre, or 498m². The below map shows the location of 27 GARBET CLOSE, 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 27 GARBET CLOSE). 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 27 GARBET CLOSE?

27 GARBET CLOSE is located in WEM, in the SY4 postcode district. The below map shows the position of No. 27 on GARBET CLOSE.