8, WELL MEAD LANE, LONGDEN, SHREWSBURY, SY5 8EW - £385,000

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 WELL MEAD LANE is a midsized extended detached house of 134m², built sometime between 1983 and 1990. It was last sold for £385,000 in February 2017, which was around 32% above the average February 2017 detached price in the Shropshire local authority area. The most recent EPC inspection was June 2012, where the current energy rating was D, and the potential energy rating was C.

8 WELL MEAD LANE Sold Prices

Land registry data shows three sales for 8 WELL MEAD LANE 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 8 WELL MEAD LANE sales were for above 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
2017 17 FEB	£385,000	£291,656	32% above HPI
2013 17 JAN	£310,000	£248,692	25% above HPI
2004 6 APR	£272,500	£215,212	27% above HPI

8 WELL MEAD 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 three 8 WELL MEAD LANE sales between April 2004 and February 2017 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 January 2013 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the February 2017 sale, where it rises to 32% above the HPI. The line then continues to track at 32% above the HPI.

How Large is 8 WELL MEAD LANE?

8 WELL MEAD LANE is 134m², which includes one extension, according to the EPC inspection conducted in June 2012. This puts it in the smallest 50% of detached houses in Longden, based on EPC data. The below chart shows the distribution of detached houses by size in Longden, and where 8 WELL MEAD LANE lies on this distribution: 45% of detached houses are smaller than 8 WELL MEAD LANE, and 52% of houses are larger. Note that EPC data is not available for all properties in Longden.

8 WELL MEAD LANE: Plot and Title Map

8 WELL MEAD LANE sits on a plot of roughly 0.257 of an acre, or 1,040m². The below map shows the location of 8 WELL MEAD 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 WELL MEAD 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 WELL MEAD LANE?

8 WELL MEAD LANE is located in LONGDEN, in the SY5 postcode district. The below map shows the position of No. 8 on WELL MEAD LANE.