4, LACON DRIVE, WEM, SHREWSBURY, SY4 5JA - £179,000

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 LACON DRIVE is a small detached house of 76m², built sometime between 1967 and 1975. It was last sold for £179,000 in November 2015, which was around 35% below the average November 2015 detached price in the Shropshire local authority area. The most recent EPC inspection was May 2015, where the current energy rating was D, and the potential energy rating was B.

4 LACON DRIVE Sold Prices

Land registry data shows two sales for 4 LACON DRIVE 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 4 LACON DRIVE 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
2015 27 NOV	£179,000	£277,509	35% below HPI
2000 27 OCT	£80,000	£126,228	37% below HPI

4 LACON DRIVE 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 4 LACON DRIVE sales from October 2000 and November 2015 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 October 2000 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the November 2015 sale, where it rises to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is 4 LACON DRIVE?

4 LACON DRIVE is 76m² according to the EPC inspection conducted in May 2015. This puts it in the smallest 30% 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 LACON DRIVE lies on this distribution: 24% of detached houses are smaller than 4 LACON DRIVE, and 76% of houses are larger. Note that EPC data is not available for all properties in Wem.

4 LACON DRIVE: Plot and Title Map

4 LACON DRIVE sits on a plot of roughly 0.090 of an acre, or 365m². The below map shows the location of 4 LACON DRIVE, 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 LACON DRIVE). 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 LACON DRIVE?

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