LINDEN LEA, BARNARD STREET, WEM, SHREWSBURY, SY4 5EE - £200,000

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

LINDEN LEA is a very small detached house of 62m², built sometime between 1950 and 1966. It was last sold for £200,000 in August 2023, which was around 49% below the average August 2023 detached price in the Shropshire local authority area. The most recent EPC inspection was March 2014, where the current energy rating was D, and the potential energy rating was B.

LINDEN LEA Sold Prices

Land registry data shows six sales for LINDEN LEA since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Shropshire local authority area for the corresponding sale date. All of the six LINDEN LEA 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
2023 11 AUG	£200,000	£390,702	49% below HPI
2017 7 JUL	£145,000	£291,256	50% below HPI
2014 14 NOV	£110,000	£263,757	58% below HPI
1999 18 OCT	£58,000	£109,332	47% below HPI
1998 29 MAY	£42,000	£94,488	56% below HPI
1995 17 FEB	£39,500	£82,730	52% below HPI

LINDEN LEA 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 six LINDEN LEA sales between February 1995 and August 2023 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 2017 sale was for 50% below the HPI. So the extrapolation line tracks at 50% below the HPI over time, until the August 2023 sale, where it rises to 49% below the HPI. The line then continues to track at 49% below the HPI.

How Large is LINDEN LEA?

LINDEN LEA is 62m² according to the EPC inspection conducted in March 2014. This puts it in the smallest 20% of detached houses in Wem, based on EPC data. The below chart shows the distribution of detached houses by size in Wem, and where LINDEN LEA lies on this distribution: 13% of detached houses are smaller than LINDEN LEA, and 87% of houses are larger. Note that EPC data is not available for all properties in Wem.

LINDEN LEA: Plot and Title Map

LINDEN LEA sits on a plot of roughly 0.080 of an acre, or 323m². The below map shows the location of LINDEN LEA, 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 LINDEN LEA). 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 LINDEN LEA?

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