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

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

ARNWOOD is a large detached house of 134m², built sometime between 1967 and 1975, which could now be worth an estimated £324,691. It was last sold for £245,000 in June 2020, which was around 22% 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	£314,868	22% below HPI
1995 1 DEC	£59,000	£84,975	31% 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 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the June 2020 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might ARNWOOD be worth now?

ARNWOOD might now be worth an estimated £324,691.

This is based on house price inflation of 32.5%, between June 2020 and February 2025, for detached houses, in the Shropshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 32.5% inflationary increase is applied to the most recent sale price for ARNWOOD of £245,000 on 3rd June 2020. For the value to have increased from £245,000 to £324,691 over the five years and four months to February 2025, the following assumptions must hold true:

• The value of ARNWOOD has moved in line with the HPI for detached houses in the Shropshire local authority area.
• The June 2020 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of ARNWOOD has not materially changed since June 2020.

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 houses in Wem, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wem, and where ARNWOOD lies on this distribution: 78% of detached houses houses are smaller than ARNWOOD, and 21% 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.