4, CEDAR GROVE, WEM, SHREWSBURY, SY4 5DQ - £350,000

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 CEDAR GROVE is a very large detached house of 166m², built sometime between 1996 and 2002. It was last sold for £350,000 in August 2018, which was around 13% above the average August 2018 detached price in the Shropshire local authority area. The most recent EPC inspection was September 2011, where the current energy rating was C, and the potential energy rating was C.

4 CEDAR GROVE Sold Prices

Land registry data shows five sales for 4 CEDAR GROVE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Shropshire local authority area for the corresponding sale date. Most of the five 4 CEDAR GROVE 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
2018 15 AUG	£350,000	£310,424	13% above HPI
2015 27 NOV	£290,000	£277,509	5% above HPI
2014 24 JAN	£250,000	£252,870	1% below HPI
2006 23 AUG	£299,995	£260,070	15% above HPI
1998 6 MAR	£26,666	£93,597	72% below HPI

4 CEDAR GROVE 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 five 4 CEDAR GROVE sales between March 1998 and August 2018 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 November 2015 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the August 2018 sale, where it rises to 13% above the HPI. The line then continues to track at 13% above the HPI.

How Large is 4 CEDAR GROVE?

4 CEDAR GROVE is 166m² according to the EPC inspection conducted in September 2011. 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 4 CEDAR GROVE lies on this distribution: 92% of detached houses are smaller than 4 CEDAR GROVE, and 8% of houses are larger. Note that EPC data is not available for all properties in Wem.

4 CEDAR GROVE: Plot and Title Map

4 CEDAR GROVE sits on a plot of roughly 0.233 of an acre, or 942m². The below map shows the location of 4 CEDAR GROVE, 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 CEDAR GROVE). 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 CEDAR GROVE?

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