48, SOMERSET WAY, WEM, SHREWSBURY, SY4 5UW - £245,000

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

48 SOMERSET WAY is a very small detached house of 52m², built sometime between 1983 and 1990. It was last sold for £245,000 in May 2022, which was around 34% below the average May 2022 detached price in the Shropshire local authority area. The most recent EPC inspection was March 2022, where the current energy rating was D, and the potential energy rating was B.

48 SOMERSET WAY Sold Prices

Land registry data shows two sales for 48 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 48 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
2022 26 MAY	£245,000	£370,436	34% below HPI
1998 13 NOV	£60,000	£99,484	40% below HPI

48 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 48 SOMERSET WAY sales from November 1998 and May 2022 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 1998 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the May 2022 sale, where it rises to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is 48 SOMERSET WAY?

48 SOMERSET WAY is 52m² according to the EPC inspection conducted in March 2022. 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 48 SOMERSET WAY lies on this distribution: 1% of detached houses are smaller than 48 SOMERSET WAY, and 99% of houses are larger. Note that EPC data is not available for all properties in Wem.

48 SOMERSET WAY: Plot and Title Map

48 SOMERSET WAY sits on a plot of roughly 0.106 of an acre, or 429m². The below map shows the location of 48 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 48 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 48 SOMERSET WAY?

48 SOMERSET WAY is located in WEM, in the SY4 postcode district. The below map shows the position of No. 48 on SOMERSET WAY.