7, GREENACRES, WEM, SHREWSBURY, SY4 5LY - £225,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

7 GREENACRES is a midsized detached house of 100m², built sometime between 1996 and 2002. It was last sold for £225,000 in June 2016, which was around 19% below the average June 2016 detached price in the Shropshire local authority area. The most recent EPC inspection was April 2016, where the current energy rating was C, and the potential energy rating was B.

7 GREENACRES Sold Prices

Land registry data shows four sales for 7 GREENACRES since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Shropshire local authority area for the corresponding sale date. All of the four 7 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
2016 6 JUN	£225,000	£277,159	19% below HPI
2015 1 MAY	£205,000	£266,330	23% below HPI
2012 25 JUN	£200,000	£241,831	17% below HPI
1999 6 AUG	£62,000	£107,795	42% below HPI

7 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 four 7 GREENACRES sales between August 1999 and June 2016 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 May 2015 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the June 2016 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 7 GREENACRES?

7 GREENACRES is 100m² according to the EPC inspection conducted in April 2016. This puts it in the largest 50% of detached houses in Wem, based on EPC data. The below chart shows the distribution of detached houses by size in Wem, and where 7 GREENACRES lies on this distribution: 51% of detached houses are smaller than 7 GREENACRES, and 49% of houses are larger. Note that EPC data is not available for all properties in Wem.

7 GREENACRES: Plot and Title Map

7 GREENACRES sits on a plot of roughly 0.116 of an acre, or 471m². The below map shows the location of 7 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 7 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 7 GREENACRES?

7 GREENACRES is located in WEM, in the SY4 postcode district. The below map shows the position of No. 7 on GREENACRES.