37, MILL STREET, WEM, SHREWSBURY, SY4 5EX - £405,000

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

37 MILL STREET is a very large extended detached house of 156m², built sometime between 1976 and 1982. It was last sold for £405,000 in June 2021, which was around 19% above the average June 2021 detached price in the Shropshire local authority area. The most recent EPC inspection was June 2015, where the current energy rating was D, and the potential energy rating was C.

37 MILL STREET Sold Prices

Land registry data shows two sales for 37 MILL STREET 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 37 MILL STREET 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 28 JUN	£405,000	£341,731	19% above HPI
2015 21 AUG	£282,500	£273,708	3% above HPI

37 MILL STREET 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 37 MILL STREET sales from August 2015 and June 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 August 2015 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the June 2021 sale, where it rises to 19% above the HPI. The line then continues to track at 19% above the HPI.

How Large is 37 MILL STREET?

37 MILL STREET is 156m², which includes two extensions, according to the EPC inspection conducted in June 2015. This puts it in the largest 20% of detached houses in Wem, based on EPC data. The below chart shows the distribution of detached houses by size in Wem, and where 37 MILL STREET lies on this distribution: 89% of detached houses are smaller than 37 MILL STREET, and 11% of houses are larger. Note that EPC data is not available for all properties in Wem.

37 MILL STREET: Plot and Title Map

37 MILL STREET sits on a plot of roughly 1.6 acres, or 6,590m². The below map shows the location of 37 MILL STREET, 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 37 MILL STREET). 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 37 MILL STREET?

37 MILL STREET is located in WEM, in the SY4 postcode district. The below map shows the position of No. 37 on MILL STREET.