5, GREENACRES, WEM, SHREWSBURY, SY4 5LY - £229,999

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

5 GREENACRES is a small detached house of 89m², built sometime between 1983 and 1990. It was last sold for £229,999 in February 2014, which was around 9% below the average February 2014 detached price in the Shropshire local authority area. The most recent EPC inspection was July 2012, where the current energy rating was C, and the potential energy rating was B.

5 GREENACRES Sold Prices

Land registry data shows three sales for 5 GREENACRES 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 5 GREENACRES 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
2014 14 FEB	£229,999	£252,135	9% below HPI
2007 12 DEC	£182,500	£275,819	34% below HPI
1995 31 MAY	£78,000	£82,565	6% below HPI

5 GREENACRES 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 5 GREENACRES sales between May 1995 and February 2014 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 December 2007 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the February 2014 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is 5 GREENACRES?

5 GREENACRES is 89m² according to the EPC inspection conducted in July 2012. This puts it in the smallest 40% of detached houses in Wem, based on EPC data. The below chart shows the distribution of detached houses by size in Wem, and where 5 GREENACRES lies on this distribution: 40% of detached houses are smaller than 5 GREENACRES, and 59% of houses are larger. Note that EPC data is not available for all properties in Wem.

5 GREENACRES: Plot and Title Map

5 GREENACRES sits on a plot of roughly 0.108 of an acre, or 437m². The below map shows the location of 5 GREENACRES, 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 5 GREENACRES). 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 5 GREENACRES?

5 GREENACRES is located in WEM, in the SY4 postcode district. The below map shows the position of No. 5 on GREENACRES.