4, DRAWWELL LANE, WEM, SHREWSBURY, SY4 5ET - £194,000

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 DRAWWELL LANE is a very small detached house of 59m², built sometime between 1967 and 1975. It was last sold for £194,000 in September 2018, which was around 38% below the average September 2018 detached price in the Shropshire local authority area. The most recent EPC inspection was October 2008, where the current energy rating was D, and the potential energy rating was C.

4 DRAWWELL LANE Sold Prices

Land registry data shows three sales for 4 DRAWWELL LANE 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 DRAWWELL LANE 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
2018 25 SEP	£194,000	£311,224	38% below HPI
2008 5 DEC	£158,000	£249,609	37% below HPI
2006 14 NOV	£180,000	£261,957	31% below HPI

4 DRAWWELL 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 three 4 DRAWWELL LANE sales between November 2006 and September 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 December 2008 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the September 2018 sale, where it falls to 38% below the HPI. The line then continues to track at 38% below the HPI.

How Large is 4 DRAWWELL LANE?

4 DRAWWELL LANE is 59m² according to the EPC inspection conducted in October 2008. This puts it in the smallest 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 DRAWWELL LANE lies on this distribution: 8% of detached houses are smaller than 4 DRAWWELL LANE, and 92% of houses are larger. Note that EPC data is not available for all properties in Wem.

4 DRAWWELL LANE: Plot and Title Map

4 DRAWWELL LANE sits on a plot of roughly 0.121 of an acre, or 489m². The below map shows the location of 4 DRAWWELL 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 4 DRAWWELL 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 4 DRAWWELL LANE?

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