3, SWAIN CLOSE, WEM, SHREWSBURY, SY4 5NZ - £330,000

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 SWAIN CLOSE is a very large detached house of 184m², built sometime between 2003 and 2006. It was last sold for £330,000 in October 2020, which was about the average October 2020 detached price in the Shropshire local authority area. The most recent EPC inspection was December 2019, where the current energy rating was C, and the potential energy rating was B.

3 SWAIN CLOSE Sold Prices

Land registry data shows two sales for 3 SWAIN 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. One of the two 3 SWAIN CLOSE sales was roughly equal to the average price, whilst the other was for above 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
2020 30 OCT	£330,000	£330,930	Close to HPI
2005 31 OCT	£269,995	£247,578	9% above HPI

3 SWAIN 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 SWAIN CLOSE sales from October 2005 and October 2020 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 October 2005 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the October 2020 sale, where it falls to roughly the same level as the HPI. The line then continues to track in line with the HPI.

How Large is 3 SWAIN CLOSE?

3 SWAIN CLOSE is 184m² according to the EPC inspection conducted in December 2019. This puts it in the largest 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 SWAIN CLOSE lies on this distribution: 95% of detached houses are smaller than 3 SWAIN CLOSE, and 5% of houses are larger. Note that EPC data is not available for all properties in Wem.

3 SWAIN CLOSE: Plot and Title Map

3 SWAIN CLOSE sits on a plot of roughly 0.147 of an acre, or 594m². The below map shows the location of 3 SWAIN 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 SWAIN 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 SWAIN CLOSE?

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