42, SOMERSET WAY, WEM, SHREWSBURY, SY4 5UW - £193,500

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

42 SOMERSET WAY is a very small detached house of 52m², built sometime between 1976 and 1982. It was last sold for £193,500 in March 2018, which was around 36% below the average March 2018 detached price in the Shropshire local authority area. The most recent EPC inspection was April 2017, where the current energy rating was C, and the potential energy rating was B.

42 SOMERSET WAY Sold Prices

Land registry data shows two sales for 42 SOMERSET WAY 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 42 SOMERSET WAY 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 5 MAR	£193,500	£301,057	36% below HPI
1996 29 AUG	£54,000	£83,778	36% below HPI

42 SOMERSET WAY 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 42 SOMERSET WAY sales from August 1996 and March 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 August 1996 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the March 2018 sale, which was also at 36% below the HPI.

How Large is 42 SOMERSET WAY?

42 SOMERSET WAY is 52m² according to the EPC inspection conducted in April 2017. 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 42 SOMERSET WAY lies on this distribution: 1% of detached houses are smaller than 42 SOMERSET WAY, and 99% of houses are larger. Note that EPC data is not available for all properties in Wem.

42 SOMERSET WAY: Plot and Title Map

42 SOMERSET WAY sits on a plot of roughly 0.160 of an acre, or 649m². The below map shows the location of 42 SOMERSET WAY, 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 SOMERSET WAY). 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 SOMERSET WAY?

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