42, MILL STREET, WEM, SHREWSBURY, SY4 5EX - £300,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

42 MILL STREET is a very large extended detached house of 152m², built sometime between 1950 and 1966, which could now be worth an estimated £360,903. It was last sold for £300,000 in February 2021, which was around 14% below the average February 2021 detached price in the Shropshire local authority area. The most recent EPC inspection was May 2013, where the current energy rating was C, and the potential energy rating was B.

42 MILL STREET Sold Prices

Land registry data shows three sales for 42 MILL STREET 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. Two of the three 42 MILL STREET sales were for below the average price, whilst one was 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
2021 19 FEB	£300,000	£346,867	14% below HPI
2002 26 NOV	£170,000	£177,890	4% below HPI
1998 22 MAY	£100,000	£97,128	3% above HPI

42 MILL STREET 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 42 MILL STREET sales between May 1998 and February 2021 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 2002 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the February 2021 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 42 MILL STREET be worth now?

42 MILL STREET might now be worth an estimated £360,903.

This is based on house price inflation of 20.3%, between February 2021 and February 2025, for detached houses, in the Shropshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 20.3% inflationary increase is applied to the most recent sale price for 42 MILL STREET of £300,000 on 19th February 2021. For the value to have increased from £300,000 to £360,903 over the four years to February 2025, the following assumptions must hold true:

• The value of 42 MILL STREET has moved in line with the HPI for detached houses in the Shropshire local authority area.
• The February 2021 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of 42 MILL STREET has not materially changed since February 2021.

How Large is 42 MILL STREET?

42 MILL STREET is 152m², which includes one extension, according to the EPC inspection conducted in May 2013. This puts it in the largest 20% of detached houses houses in Wem, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wem, and where 42 MILL STREET lies on this distribution: 87% of detached houses houses are smaller than 42 MILL STREET, and 13% of houses are larger. Note that EPC data is not available for all properties in Wem.

42 MILL STREET: Plot and Title Map

42 MILL STREET sits on a plot of roughly 0.152 of an acre, or 617m². The below map shows the location of 42 MILL STREET, 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 42 MILL STREET). 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 42 MILL STREET?

42 MILL STREET is located in WEM, in the SY4 postcode district. The below map shows the position of No. 42 on MILL STREET.