4, THREE GATES, WEM, SHREWSBURY, SY4 5HZ - £149,950

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 THREE GATES is a very small detached house of 59m², built sometime between 1967 and 1975. It was last sold for £149,950 in June 2004, which was around 32% below the average June 2004 detached price in the Shropshire local authority area. The most recent EPC inspection was October 2016, where the current energy rating was D, and the potential energy rating was B.

4 THREE GATES Sold Prices

Land registry data shows two sales for 4 THREE GATES 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 THREE GATES 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
2004 15 JUN	£149,950	£219,342	32% below HPI
2000 2 JUN	£60,000	£119,041	50% below HPI

4 THREE GATES 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 THREE GATES sales from June 2000 and June 2004 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 June 2000 sale was for 50% below the HPI. So the extrapolation line tracks at 50% below the HPI over time, until the June 2004 sale, where it rises to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 4 THREE GATES?

4 THREE GATES is 59m² according to the EPC inspection conducted in October 2016. 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 THREE GATES lies on this distribution: 8% of detached houses are smaller than 4 THREE GATES, and 91% of houses are larger. Note that EPC data is not available for all properties in Wem.

4 THREE GATES: Plot and Title Map

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

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