BRELA, BARNARD STREET, WEM, SHREWSBURY, SY4 5EE - £480,000

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

BRELA is a very large extended detached house of 212m², built sometime between 1950 and 1966. It was last sold for £480,000 in March 2022, which was around 31% above the average March 2022 detached price in the Shropshire local authority area. The most recent EPC inspection was July 2021, where the current energy rating was D, and the potential energy rating was C.

BRELA Sold Prices

Land registry data shows two sales for BRELA 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 BRELA 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
2022 23 MAR	£480,000	£366,142	31% above HPI
2012 9 JUL	£290,000	£247,090	17% above HPI

BRELA 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 BRELA sales from July 2012 and March 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 July 2012 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the March 2022 sale, where it rises to 31% above the HPI. The line then continues to track at 31% above the HPI.

How Large is BRELA?

BRELA is 212m², which includes two extensions, according to the EPC inspection conducted in July 2021. This puts it in the largest 10% of detached houses in Wem, based on EPC data. The below chart shows the distribution of detached houses by size in Wem, and where BRELA lies on this distribution: 97% of detached houses are smaller than BRELA, and 3% of houses are larger. Note that EPC data is not available for all properties in Wem.

BRELA: Plot and Title Map

BRELA sits on a plot of roughly 0.850 of an acre, or 3,439m². The below map shows the location of BRELA, 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 BRELA). 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 BRELA?

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