NORTH MEADE, SOULTON ROAD, WEM, SHREWSBURY, SY4 5HR - £178,000

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

NORTH MEADE is a small detached house of 77m², built sometime between 1967 and 1975. It was last sold for £178,000 in December 2017, which was around 40% below the average December 2017 detached price in the Shropshire local authority area. The most recent EPC inspection was March 2016, where the current energy rating was D, and the potential energy rating was B.

NORTH MEADE Sold Prices

Land registry data shows two sales for NORTH MEADE 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 NORTH MEADE 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
2017 1 DEC	£178,000	£298,013	40% below HPI
2000 21 JUL	£87,000	£121,768	29% below HPI

NORTH MEADE 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 NORTH MEADE sales from July 2000 and December 2017 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 2000 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the December 2017 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

How Large is NORTH MEADE?

NORTH MEADE is 77m² according to the EPC inspection conducted in March 2016. This puts it in the smallest 30% of detached houses in Wem, based on EPC data. The below chart shows the distribution of detached houses by size in Wem, and where NORTH MEADE lies on this distribution: 25% of detached houses are smaller than NORTH MEADE, and 74% of houses are larger. Note that EPC data is not available for all properties in Wem.

NORTH MEADE: Plot and Title Map

NORTH MEADE sits on a plot of roughly 0.107 of an acre, or 433m². The below map shows the location of NORTH MEADE, 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 NORTH MEADE). 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 NORTH MEADE?

NORTH MEADE is located on SOULTON ROAD in WEM, in the SY4 postcode district. The below map shows the position of NORTH MEADE on SOULTON ROAD.