SPRINGFIELD, NEW STREET, WEM, SHREWSBURY, SY4 5AF - £322,500

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

SPRINGFIELD is a very large detached house of 143m², built sometime between 1900 and 1929. It was last sold for £322,500 in March 2017, which was around 11% above the average March 2017 detached price in the Shropshire local authority area. The most recent EPC inspection was January 2012, where the current energy rating was E, and the potential energy rating was D.

SPRINGFIELD Sold Prices

Land registry data shows two sales for SPRINGFIELD 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 SPRINGFIELD 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
2017 17 MAR	£322,500	£291,037	11% above HPI
2005 15 DEC	£270,000	£243,781	11% above HPI

SPRINGFIELD 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 SPRINGFIELD sales from December 2005 and March 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 December 2005 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the March 2017 sale, which was also at 11% above the HPI.

How Large is SPRINGFIELD?

SPRINGFIELD is 143m² according to the EPC inspection conducted in January 2012. This puts it in the largest 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 SPRINGFIELD lies on this distribution: 83% of detached houses are smaller than SPRINGFIELD, and 17% of houses are larger. Note that EPC data is not available for all properties in Wem.

SPRINGFIELD: Plot and Title Map

SPRINGFIELD sits on a plot of roughly 0.238 of an acre, or 964m². The below map shows the location of SPRINGFIELD, 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 SPRINGFIELD). 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 SPRINGFIELD?

SPRINGFIELD is located on NEW STREET in WEM, in the SY4 postcode district. The below map shows the position of SPRINGFIELD on NEW STREET.