7, MARNE CLOSE, WEM, SHREWSBURY, SY4 5YE - £285,000

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

7 MARNE CLOSE is a small detached house of 77m², built sometime between 1991 and 1995. It was last sold for £285,000 in September 2022, which was around 27% below the average September 2022 detached price in the Shropshire local authority area. The most recent EPC inspection was May 2022, where the current energy rating was D, and the potential energy rating was C.

7 MARNE CLOSE Sold Prices

Land registry data shows three sales for 7 MARNE CLOSE 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 7 MARNE CLOSE 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 22 SEP	£285,000	£389,450	27% below HPI
2005 25 AUG	£173,000	£240,393	28% below HPI
1996 18 MAR	£73,000	£80,837	10% below HPI

7 MARNE CLOSE 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 7 MARNE CLOSE sales between March 1996 and September 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 August 2005 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the September 2022 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 7 MARNE CLOSE?

7 MARNE CLOSE is 77m² according to the EPC inspection conducted in May 2022. This puts it in the smallest 30% 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 MARNE CLOSE lies on this distribution: 25% of detached houses are smaller than 7 MARNE CLOSE, and 74% of houses are larger. Note that EPC data is not available for all properties in Wem.

7 MARNE CLOSE: Plot and Title Map

7 MARNE CLOSE sits on a plot of roughly 0.106 of an acre, or 428m². The below map shows the location of 7 MARNE CLOSE, 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 MARNE CLOSE). 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 MARNE CLOSE?

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