SILVER BIRCH, TILLEY ROAD, WEM, SHREWSBURY, SY4 5HA - £350,000

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

SILVER BIRCH is a midsized extended detached house of 107m², built sometime between 1976 and 1982. It was last sold for £350,000 in December 2023, which was around 10% below the average December 2023 detached price in the Shropshire local authority area. The most recent EPC inspection was June 2023, where the current energy rating was D, and the potential energy rating was B.

SILVER BIRCH Sold Prices

Land registry data shows three sales for SILVER BIRCH since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Shropshire local authority area for the corresponding sale date. All of the three SILVER BIRCH 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 DEC	£350,000	£387,937	10% below HPI
2020 21 FEB	£257,500	£312,843	18% below HPI
2016 2 AUG	£180,000	£287,287	37% below HPI

SILVER BIRCH 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 three SILVER BIRCH sales between August 2016 and December 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 February 2020 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the December 2023 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is SILVER BIRCH?

SILVER BIRCH is 107m², which includes one extension, according to the EPC inspection conducted in June 2023. This puts it in the largest 50% of detached houses in Wem, based on EPC data. The below chart shows the distribution of detached houses by size in Wem, and where SILVER BIRCH lies on this distribution: 56% of detached houses are smaller than SILVER BIRCH, and 44% of houses are larger. Note that EPC data is not available for all properties in Wem.

SILVER BIRCH: Plot and Title Map

SILVER BIRCH sits on a plot of roughly 0.166 of an acre, or 672m². The below map shows the location of SILVER BIRCH, 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 SILVER BIRCH). 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 SILVER BIRCH?

SILVER BIRCH is located on TILLEY ROAD in WEM, in the SY4 postcode district. The below map shows the position of SILVER BIRCH on TILLEY ROAD.