ARNWOOD, MILL STREET, WEM, SHREWSBURY, SY4 5EX - £245,000

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

ARNWOOD is a large detached house of 134m², built sometime between 1967 and 1975. It was last sold for £245,000 in June 2020, which was around 20% below the average June 2020 detached price in the Shropshire local authority area. The most recent EPC inspection was March 2018, where the current energy rating was D, and the potential energy rating was C.

ARNWOOD Sold Prices

Land registry data shows two sales for ARNWOOD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Shropshire local authority area for the corresponding sale date. Both of the two ARNWOOD 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
2020 3 JUN	£245,000	£306,312	20% below HPI
1995 1 DEC	£59,000	£82,666	29% below HPI

ARNWOOD 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 two ARNWOOD sales from December 1995 and June 2020 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 1995 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the June 2020 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is ARNWOOD?

ARNWOOD is 134m² according to the EPC inspection conducted in March 2018. This puts it in the largest 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 ARNWOOD lies on this distribution: 78% of detached houses are smaller than ARNWOOD, and 22% of houses are larger. Note that EPC data is not available for all properties in Wem.

ARNWOOD: Plot and Title Map

ARNWOOD sits on a plot of roughly 0.089 of an acre, or 359m². The below map shows the location of ARNWOOD, 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 ARNWOOD). 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 ARNWOOD?

ARNWOOD is located on MILL STREET in WEM, in the SY4 postcode district. The below map shows the position of ARNWOOD on MILL STREET.