46, SOMERSET WAY, WEM, SHREWSBURY, SY4 5UW - £160,000

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

46 SOMERSET WAY is a very small detached house of 54m², built sometime between 1983 and 1990. It was last sold for £160,000 in November 2017, which was around 46% below the average November 2017 detached price in the Shropshire local authority area. The most recent EPC inspection was August 2017, where the current energy rating was C, and the potential energy rating was B.

46 SOMERSET WAY Sold Prices

Land registry data shows three sales for 46 SOMERSET WAY 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 46 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
2017 23 NOV	£160,000	£297,190	46% below HPI
2006 9 OCT	£160,000	£263,440	39% below HPI
2000 23 JUN	£74,000	£119,041	38% below HPI

46 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 three 46 SOMERSET WAY sales between June 2000 and November 2017 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 2006 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the November 2017 sale, where it falls to 46% below the HPI. The line then continues to track at 46% below the HPI.

How Large is 46 SOMERSET WAY?

46 SOMERSET WAY is 54m² according to the EPC inspection conducted in August 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 46 SOMERSET WAY lies on this distribution: 3% of detached houses are smaller than 46 SOMERSET WAY, and 95% of houses are larger. Note that EPC data is not available for all properties in Wem.

46 SOMERSET WAY: Plot and Title Map

46 SOMERSET WAY sits on a plot of roughly 0.090 of an acre, or 363m². The below map shows the location of 46 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 46 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 46 SOMERSET WAY?

46 SOMERSET WAY is located in WEM, in the SY4 postcode district. The below map shows the position of No. 46 on SOMERSET WAY.