THE ORCHARD, LOWE HILL ROAD, WEM, SHREWSBURY, SY4 5UA - £197,500

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

THE ORCHARD is a midsized extended detached house of 102m², built sometime between 1976 and 1982. It was last sold for £197,500 in September 2014, which was around 26% below the average September 2014 detached price in the Shropshire local authority area. The most recent EPC inspection was February 2012, where the current energy rating was D, and the potential energy rating was D.

THE ORCHARD Sold Prices

Land registry data shows two sales for THE ORCHARD 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 ORCHARD 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
2014 30 SEP	£197,500	£265,939	26% below HPI
2013 7 JAN	£160,000	£248,692	36% below HPI

THE ORCHARD 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 ORCHARD sales from January 2013 and September 2014 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 January 2013 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the September 2014 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is THE ORCHARD?

THE ORCHARD is 102m², which includes one extension, according to the EPC inspection conducted in February 2012. 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 THE ORCHARD lies on this distribution: 52% of detached houses are smaller than THE ORCHARD, and 48% of houses are larger. Note that EPC data is not available for all properties in Wem.

THE ORCHARD: Plot and Title Map

THE ORCHARD sits on a plot of roughly 0.131 of an acre, or 531m². The below map shows the location of THE ORCHARD, 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 ORCHARD). 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 ORCHARD?

THE ORCHARD is located on LOWE HILL ROAD in WEM, in the SY4 postcode district. The below map shows the position of THE ORCHARD on LOWE HILL ROAD.