29, GARBET CLOSE, WEM, SHREWSBURY, SY4 5JT - £113,500

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

29 GARBET CLOSE is a very small detached house of 41m², built sometime between 1983 and 1990. It was last sold for £113,500 in June 2004, which was around 48% below the average June 2004 detached price in the Shropshire local authority area. The most recent EPC inspection was March 2009, where the current energy rating was D, and the potential energy rating was C.

29 GARBET CLOSE Sold Prices

Land registry data shows two sales for 29 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 29 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
2004 25 JUN	£113,500	£219,342	48% below HPI
2002 19 JUN	£75,000	£154,208	51% below HPI

29 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 29 GARBET CLOSE sales from June 2002 and June 2004 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 June 2002 sale was for 51% below the HPI. So the extrapolation line tracks at 51% below the HPI over time, until the June 2004 sale, where it rises to 48% below the HPI. The line then continues to track at 48% below the HPI.

How Large is 29 GARBET CLOSE?

29 GARBET CLOSE is 41m² according to the EPC inspection conducted in March 2009. This puts it in the smallest 10% of detached houses in Wem, based on EPC data. The below chart shows the distribution of detached houses by size in Wem, and where 29 GARBET CLOSE lies on this distribution: Less than 1% of detached houses are smaller than 29 GARBET CLOSE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Wem.

29 GARBET CLOSE: Plot and Title Map

29 GARBET CLOSE sits on a plot of roughly 0.049 of an acre, or 199m². The below map shows the location of 29 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 29 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 29 GARBET CLOSE?

29 GARBET CLOSE is located in WEM, in the SY4 postcode district. The below map shows the position of No. 29 on GARBET CLOSE.