RIVENDELL, CHURCH LANE, WEM, SHREWSBURY, SY4 5HS - £503,000

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

RIVENDELL is a very large extended detached house of 180m², built sometime between 1930 and 1949. It was last sold for £503,000 in March 2022, which was around 37% above the average March 2022 detached price in the Shropshire local authority area. The most recent EPC inspection was November 2021, where the current energy rating was C, and the potential energy rating was B.

RIVENDELL Sold Prices

Land registry data shows two sales for RIVENDELL 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 RIVENDELL 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 31 MAR	£503,000	£366,142	37% above HPI
2000 8 SEP	£128,000	£125,759	2% above HPI

RIVENDELL 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 RIVENDELL sales from September 2000 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 September 2000 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the March 2022 sale, where it rises to 37% above the HPI. The line then continues to track at 37% above the HPI.

How Large is RIVENDELL?

RIVENDELL is 180m², which includes one extension, according to the EPC inspection conducted in November 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 RIVENDELL lies on this distribution: 94% of detached houses are smaller than RIVENDELL, and 6% of houses are larger. Note that EPC data is not available for all properties in Wem.

RIVENDELL: Plot and Title Map

RIVENDELL sits on a plot of roughly 0.277 of an acre, or 1,120m². The below map shows the location of RIVENDELL, 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 RIVENDELL). 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 RIVENDELL?

RIVENDELL is located on CHURCH LANE in WEM, in the SY4 postcode district. The below map shows the position of RIVENDELL on CHURCH LANE.