STEPLEY, KYNASTON DRIVE, WEM, SHREWSBURY, SY4 5DE - £445,000

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

STEPLEY is a large extended detached house of 128m², built sometime between 1996 and 2002. It was last sold for £445,000 in June 2024, which was around 13% above the average June 2024 detached price in the Shropshire local authority area. The most recent EPC inspection was July 2023, where the current energy rating was C, and the potential energy rating was B.

STEPLEY Sold Prices

Land registry data shows three sales for STEPLEY 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. Two of the three STEPLEY sales were for above the average price, whilst one was 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
2024 20 JUN	£445,000	£394,499	13% above HPI
2020 3 APR	£250,000	£307,452	19% below HPI
2002 16 SEP	£200,000	£168,391	19% above HPI

STEPLEY 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 STEPLEY sales between September 2002 and June 2024 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 April 2020 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the June 2024 sale, where it rises to 13% above the HPI. The line then continues to track at 13% above the HPI.

How Large is STEPLEY?

STEPLEY is 128m², which includes one extension, according to the EPC inspection conducted in July 2023. This puts it in the largest 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 STEPLEY lies on this distribution: 75% of detached houses are smaller than STEPLEY, and 24% of houses are larger. Note that EPC data is not available for all properties in Wem.

STEPLEY: Plot and Title Map

STEPLEY sits on a plot of roughly 0.277 of an acre, or 1,122m². The below map shows the location of STEPLEY, 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 STEPLEY). 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 STEPLEY?

STEPLEY is located on KYNASTON DRIVE in WEM, in the SY4 postcode district. The below map shows the position of STEPLEY on KYNASTON DRIVE.