3, BAILEY CLOSE, WEM, SHREWSBURY, SY4 5UR - £135,000

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

3 BAILEY CLOSE is a very small detached house of 35m², built sometime between 1967 and 1975. It was last sold for £135,000 in May 2012, which was around 44% below the average May 2012 detached price in the Shropshire local authority area. The most recent EPC inspection was April 2010, where the current energy rating was C, and the potential energy rating was C.

3 BAILEY CLOSE Sold Prices

Land registry data shows two sales for 3 BAILEY 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 3 BAILEY 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
2012 28 MAY	£135,000	£241,071	44% below HPI
2006 12 JAN	£120,000	£245,121	51% below HPI

3 BAILEY 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 3 BAILEY CLOSE sales from January 2006 and May 2012 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 January 2006 sale was for 51% below the HPI. So the extrapolation line tracks at 51% below the HPI over time, until the May 2012 sale, where it rises to 44% below the HPI. The line then continues to track at 44% below the HPI.

How Large is 3 BAILEY CLOSE?

3 BAILEY CLOSE is 35m² according to the EPC inspection conducted in April 2010. 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 3 BAILEY CLOSE lies on this distribution: Less than 1% of detached houses are smaller than 3 BAILEY CLOSE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Wem.

3 BAILEY CLOSE: Plot and Title Map

3 BAILEY CLOSE sits on a plot of roughly 8.1 acres, or 32,882m². The below map shows the location of 3 BAILEY 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 3 BAILEY 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 3 BAILEY CLOSE?

3 BAILEY CLOSE is located in WEM, in the SY4 postcode district. The below map shows the position of No. 3 on BAILEY CLOSE.