37, SOMERSET WAY, WEM, SHREWSBURY, SY4 5UP - £152,500

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 SOMERSET WAY is a midsized detached house of 106m², built sometime between 1976 and 1982. It was last sold for £152,500 in September 2011, which was around 38% below the average September 2011 detached price in the Shropshire local authority area. The most recent EPC inspection was July 2011, where the current energy rating was D, and the potential energy rating was C.

37 SOMERSET WAY Sold Prices

Land registry data shows two sales for 37 SOMERSET WAY 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 SOMERSET WAY 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
2011 23 SEP	£152,500	£246,400	38% below HPI
2001 28 SEP	£87,500	£140,055	38% below HPI

37 SOMERSET WAY 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 SOMERSET WAY sales from September 2001 and September 2011 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 September 2001 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the September 2011 sale, which was also at 38% below the HPI.

How Large is 37 SOMERSET WAY?

37 SOMERSET WAY is 106m² according to the EPC inspection conducted in July 2011. This puts it in the largest 50% 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 SOMERSET WAY lies on this distribution: 54% of detached houses are smaller than 37 SOMERSET WAY, and 44% of houses are larger. Note that EPC data is not available for all properties in Wem.

37 SOMERSET WAY: Plot and Title Map

37 SOMERSET WAY sits on a plot of roughly 0.073 of an acre, or 297m². The below map shows the location of 37 SOMERSET WAY, 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 SOMERSET WAY). 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 SOMERSET WAY?

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