THE OAKS, ASTON ROAD, WEM, SHREWSBURY, SY4 5JE - £390,000

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 OAKS is a very large detached house of 194m², built sometime between 1983 and 1990. It was last sold for £390,000 in October 2019, which was around 23% above the average October 2019 detached price in the Shropshire local authority area. The most recent EPC inspection was January 2019, where the current energy rating was C, and the potential energy rating was C.

THE OAKS Sold Prices

Land registry data shows three sales for THE OAKS 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 THE OAKS 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
2019 21 OCT	£390,000	£316,667	23% above HPI
2014 29 APR	£315,000	£255,783	23% above HPI
1999 4 JUN	£140,000	£102,040	37% above HPI

THE OAKS 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 THE OAKS sales between June 1999 and October 2019 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 2014 sale was for 23% above the HPI. So the extrapolation line tracks at 23% above the HPI over time, until the October 2019 sale, which was also at 23% above the HPI.

How Large is THE OAKS?

THE OAKS is 194m² according to the EPC inspection conducted in January 2019. 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 OAKS lies on this distribution: 96% of detached houses are smaller than THE OAKS, and 4% of houses are larger. Note that EPC data is not available for all properties in Wem.

THE OAKS: Plot and Title Map

THE OAKS sits on a plot of roughly 0.177 of an acre, or 718m². The below map shows the location of THE OAKS, 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 OAKS). 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 OAKS?

THE OAKS is located on ASTON ROAD in WEM, in the SY4 postcode district. The below map shows the position of THE OAKS on ASTON ROAD.