FOYLES HOUSE, MILL STREET, WEM, SHREWSBURY, SY4 5EX - £185,000

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

FOYLES HOUSE is a large extended detached house of 115m², built sometime between 1967 and 1975. It was last sold for £185,000 in July 2013, which was around 27% below the average July 2013 detached price in the Shropshire local authority area. The most recent EPC inspection was March 2011, where the current energy rating was E, and the potential energy rating was C.

FOYLES HOUSE Sold Prices

Land registry data shows two sales for FOYLES HOUSE 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 FOYLES HOUSE 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
2013 19 JUL	£185,000	£252,631	27% below HPI
2000 17 MAR	£82,500	£108,971	24% below HPI

FOYLES HOUSE 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 FOYLES HOUSE sales from March 2000 and July 2013 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 March 2000 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the July 2013 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is FOYLES HOUSE?

FOYLES HOUSE is 115m², which includes one extension, according to the EPC inspection conducted in March 2011. This puts it in the largest 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 FOYLES HOUSE lies on this distribution: 64% of detached houses are smaller than FOYLES HOUSE, and 36% of houses are larger. Note that EPC data is not available for all properties in Wem.

FOYLES HOUSE: Plot and Title Map

FOYLES HOUSE sits on a plot of roughly 0.093 of an acre, or 375m². The below map shows the location of FOYLES HOUSE, 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 FOYLES HOUSE). 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 FOYLES HOUSE?

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