THE ORCHARDS, ASTON ROAD, WEM, SHREWSBURY, SY4 5JD - £277,000

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 ORCHARDS is a very large extended detached house of 170m², built sometime between 1983 and 1990. It was last sold for £277,000 in June 2015, which was around 4% above the average June 2015 detached price in the Shropshire local authority area. The most recent EPC inspection was October 2014, where the current energy rating was D, and the potential energy rating was C.

THE ORCHARDS Sold Prices

Land registry data shows two sales for THE ORCHARDS 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 ORCHARDS 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
2015 12 JUN	£277,000	£266,341	4% above HPI
1998 20 NOV	£137,000	£99,484	38% above HPI

THE ORCHARDS 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 ORCHARDS sales from November 1998 and June 2015 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 November 1998 sale was for 38% above the HPI. So the extrapolation line tracks at 38% above the HPI over time, until the June 2015 sale, where it falls to 4% above the HPI. The line then continues to track at 4% above the HPI.

How Large is THE ORCHARDS?

THE ORCHARDS is 170m², which includes one extension, according to the EPC inspection conducted in October 2014. 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 ORCHARDS lies on this distribution: 92% of detached houses are smaller than THE ORCHARDS, and 7% of houses are larger. Note that EPC data is not available for all properties in Wem.

THE ORCHARDS: Plot and Title Map

THE ORCHARDS sits on a plot of roughly 0.377 of an acre, or 1,526m². The below map shows the location of THE ORCHARDS, 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 ORCHARDS). 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 ORCHARDS?

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