8, DRAWWELL LANE, WEM, SHREWSBURY, SY4 5ET - £295,000

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

8 DRAWWELL LANE is a small detached house of 85m², built sometime between 1950 and 1966. It was last sold for £295,000 in March 2024, which was around 23% below the average March 2024 detached price in the Shropshire local authority area. The most recent EPC inspection was August 2016, where the current energy rating was D, and the potential energy rating was B.

8 DRAWWELL LANE Sold Prices

Land registry data shows seven sales for 8 DRAWWELL LANE since 1^st January 1995. The below table shows the price paid for the seven sales, along with the average detached price in the Shropshire local authority area for the corresponding sale date. All of the seven 8 DRAWWELL LANE 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
2024 7 MAR	£295,000	£385,467	23% below HPI
2022 20 APR	£247,500	£364,023	32% below HPI
2017 14 JUL	£190,000	£291,256	35% below HPI
2016 25 MAY	£175,000	£278,524	37% below HPI
2004 23 JUL	£150,000	£226,153	34% below HPI
2002 11 SEP	£121,000	£168,391	28% below HPI
2001 9 MAR	£77,000	£125,238	39% below HPI

8 DRAWWELL LANE 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 seven 8 DRAWWELL LANE sales between March 2001 and March 2024 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 April 2022 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the March 2024 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 8 DRAWWELL LANE?

8 DRAWWELL LANE is 85m² according to the EPC inspection conducted in August 2016. 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 8 DRAWWELL LANE lies on this distribution: 35% of detached houses are smaller than 8 DRAWWELL LANE, and 64% of houses are larger. Note that EPC data is not available for all properties in Wem.

8 DRAWWELL LANE: Plot and Title Map

8 DRAWWELL LANE sits on a plot of roughly 0.096 of an acre, or 388m². The below map shows the location of 8 DRAWWELL LANE, 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 8 DRAWWELL LANE). 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 8 DRAWWELL LANE?

8 DRAWWELL LANE is located in WEM, in the SY4 postcode district. The below map shows the position of No. 8 on DRAWWELL LANE.