3, MARLCROFT, WEM, SHREWSBURY, SY4 5AN - £175,000

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 MARLCROFT is a small detached house of 73m², built sometime between 1950 and 1966. It was last sold for £175,000 in October 2016, which was around 39% below the average October 2016 detached price in the Shropshire local authority area. The most recent EPC inspection was May 2016, where the current energy rating was D, and the potential energy rating was B.

3 MARLCROFT Sold Prices

Land registry data shows three sales for 3 MARLCROFT since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Shropshire local authority area for the corresponding sale date. All of the three 3 MARLCROFT 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
2016 21 OCT	£175,000	£289,250	39% below HPI
1998 31 JUL	£82,500	£96,426	14% below HPI
1997 8 MAY	£62,500	£88,452	29% below HPI

3 MARLCROFT 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 three 3 MARLCROFT sales between May 1997 and October 2016 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 1998 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the October 2016 sale, where it falls to 39% below the HPI. The line then continues to track at 39% below the HPI.

How Large is 3 MARLCROFT?

3 MARLCROFT is 73m² according to the EPC inspection conducted in May 2016. 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 3 MARLCROFT lies on this distribution: 22% of detached houses are smaller than 3 MARLCROFT, and 78% of houses are larger. Note that EPC data is not available for all properties in Wem.

3 MARLCROFT: Plot and Title Map

3 MARLCROFT sits on a plot of roughly 0.100 of an acre, or 403m². The below map shows the location of 3 MARLCROFT, 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 MARLCROFT). 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 MARLCROFT?

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