3, WELL MEAD LANE, LONGDEN, SHREWSBURY, SY5 8EW - £385,000

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 WELL MEAD LANE is a very small extended detached house of 108m², built sometime between 1983 and 1990. It was last sold for £385,000 in December 2021, which was around 7% above the average December 2021 detached price in the Shropshire local authority area. The most recent EPC inspection was July 2024, where the current energy rating was B, and the potential energy rating was B.

3 WELL MEAD LANE Sold Prices

Land registry data shows two sales for 3 WELL MEAD LANE 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 WELL MEAD LANE sales were 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
2021 10 DEC	£385,000	£358,369	7% above HPI
2020 27 FEB	£375,000	£312,843	20% above HPI

3 WELL MEAD LANE 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 WELL MEAD LANE sales from February 2020 and December 2021 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 February 2020 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the December 2021 sale, where it falls to 7% above the HPI. The line then continues to track at 7% above the HPI.

How Large is 3 WELL MEAD LANE?

3 WELL MEAD LANE is 108m², which includes one extension, according to the EPC inspection conducted in July 2024. This puts it in the smallest 20% of detached houses in Longden, based on EPC data. The below chart shows the distribution of detached houses by size in Longden, and where 3 WELL MEAD LANE lies on this distribution: 17% of detached houses are smaller than 3 WELL MEAD LANE, and 83% of houses are larger. Note that EPC data is not available for all properties in Longden.

3 WELL MEAD LANE: Plot and Title Map

3 WELL MEAD LANE sits on a plot of roughly 0.181 of an acre, or 734m². The below map shows the location of 3 WELL MEAD LANE, 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 WELL MEAD LANE). 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 WELL MEAD LANE?

3 WELL MEAD LANE is located in LONGDEN, in the SY5 postcode district. The below map shows the position of No. 3 on WELL MEAD LANE.