4, BAILEY CLOSE, WEM, SHREWSBURY, SY4 5UR - £94,000

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

4 BAILEY CLOSE is a small extended detached house of 85m², built sometime between 1967 and 1975. It was last sold for £94,000 in October 2002, which was around 45% below the average October 2002 detached price in the Shropshire local authority area. The most recent EPC inspection was November 2015, where the current energy rating was C, and the potential energy rating was C.

4 BAILEY CLOSE Sold Prices

Land registry data shows three sales for 4 BAILEY CLOSE 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 4 BAILEY CLOSE 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
2002 14 OCT	£94,000	£169,966	45% below HPI
1999 11 JAN	£65,000	£100,020	35% below HPI
1998 9 OCT	£73,000	£100,475	27% below HPI

4 BAILEY 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 three 4 BAILEY CLOSE sales between October 1998 and October 2002 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 January 1999 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the October 2002 sale, where it falls to 45% below the HPI. The line then continues to track at 45% below the HPI.

How Large is 4 BAILEY CLOSE?

4 BAILEY CLOSE is 85m², which includes one extension, according to the EPC inspection conducted in November 2015. This puts it in the smallest 40% of detached houses in Wem, based on EPC data. The below chart shows the distribution of detached houses by size in Wem, and where 4 BAILEY CLOSE lies on this distribution: 35% of detached houses are smaller than 4 BAILEY CLOSE, and 64% of houses are larger. Note that EPC data is not available for all properties in Wem.

4 BAILEY CLOSE: Plot and Title Map

4 BAILEY CLOSE sits on a plot of roughly 8.1 acres, or 32,882m². The below map shows the location of 4 BAILEY 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 4 BAILEY 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 4 BAILEY CLOSE?

4 BAILEY CLOSE is located in WEM, in the SY4 postcode district. The below map shows the position of No. 4 on BAILEY CLOSE.