GLADRAYS, STATION ROAD, WEM, SHREWSBURY, SY4 5BH - £250,000

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

GLADRAYS is a large extended detached house of 117m², built sometime between 1950 and 1966. It was last sold for £250,000 in August 2006, which was around 4% below the average August 2006 detached price in the Shropshire local authority area. The most recent EPC inspection was October 2021, where the current energy rating was D, and the potential energy rating was B.

GLADRAYS Sold Prices

Land registry data shows two sales for GLADRAYS 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 GLADRAYS 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
2006 11 AUG	£250,000	£260,070	4% below HPI
1999 17 JUN	£48,000	£102,040	53% below HPI

GLADRAYS 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 GLADRAYS sales from June 1999 and August 2006 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 June 1999 sale was for 53% below the HPI. So the extrapolation line tracks at 53% below the HPI over time, until the August 2006 sale, where it rises to 4% below the HPI. The line then continues to track at 4% below the HPI.

How Large is GLADRAYS?

GLADRAYS is 117m², which includes one extension, according to the EPC inspection conducted in October 2021. 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 GLADRAYS lies on this distribution: 66% of detached houses are smaller than GLADRAYS, and 34% of houses are larger. Note that EPC data is not available for all properties in Wem.

GLADRAYS: Plot and Title Map

GLADRAYS sits on a plot of roughly 0.195 of an acre, or 790m². The below map shows the location of GLADRAYS, 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 GLADRAYS). 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 GLADRAYS?

GLADRAYS is located on STATION ROAD in WEM, in the SY4 postcode district. The below map shows the position of GLADRAYS on STATION ROAD.