THE CORN HOUSE, HIGH STREET, WEM, SHREWSBURY, SY4 5TT - £430,000

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

THE CORN HOUSE is a very large detached house of 218m², built sometime between 1996 and 2002. It was last sold for £430,000 in May 2017, which was around 48% above the average May 2017 detached price in the Shropshire local authority area. The most recent EPC inspection was February 2017, where the current energy rating was C, and the potential energy rating was C.

THE CORN HOUSE Sold Prices

Land registry data shows two sales for THE CORN HOUSE 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 THE CORN HOUSE 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 24 MAY	£430,000	£291,056	48% above HPI
2001 10 AUG	£190,000	£137,742	38% above HPI

THE CORN HOUSE 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 THE CORN HOUSE sales from August 2001 and May 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 August 2001 sale was for 38% above the HPI. So the extrapolation line tracks at 38% above the HPI over time, until the May 2017 sale, where it rises to 48% above the HPI. The line then continues to track at 48% above the HPI.

How Large is THE CORN HOUSE?

THE CORN HOUSE is 218m² according to the EPC inspection conducted in February 2017. 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 THE CORN HOUSE lies on this distribution: 98% of detached houses are smaller than THE CORN HOUSE, and 2% of houses are larger. Note that EPC data is not available for all properties in Wem.

THE CORN HOUSE: Plot and Title Map

THE CORN HOUSE sits on a plot of roughly 0.191 of an acre, or 773m². The below map shows the location of THE CORN HOUSE, 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 THE CORN HOUSE). 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 THE CORN HOUSE?

THE CORN HOUSE is located on HIGH STREET in WEM, in the SY4 postcode district. The below map shows the position of THE CORN HOUSE on HIGH STREET.