THE RED HOUSE, SHAWBURY ROAD, WEM, SHREWSBURY, SY4 5PF - £460,000

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 RED HOUSE is a very large extended detached house of 259m², built sometime between 1930 and 1949. It was last sold for £460,000 in October 2018, which was around 47% above the average October 2018 detached price in the Shropshire local authority area. The most recent EPC inspection was October 2016, where the current energy rating was D, and the potential energy rating was B.

THE RED HOUSE Sold Prices

Land registry data shows two sales for THE RED 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 RED 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
2018 26 OCT	£460,000	£311,928	47% above HPI
2006 22 AUG	£322,000	£260,070	24% above HPI

THE RED 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 RED HOUSE sales from August 2006 and October 2018 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 2006 sale was for 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the October 2018 sale, where it rises to 47% above the HPI. The line then continues to track at 47% above the HPI.

How Large is THE RED HOUSE?

THE RED HOUSE is 259m², which includes one extension, according to the EPC inspection conducted in October 2016. 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 RED HOUSE lies on this distribution: 99% of detached houses are smaller than THE RED HOUSE, and 1% of houses are larger. Note that EPC data is not available for all properties in Wem.

THE RED HOUSE: Plot and Title Map

THE RED HOUSE sits on a plot of roughly 0.363 of an acre, or 1,469m². The below map shows the location of THE RED 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 RED 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 RED HOUSE?

THE RED HOUSE is located on SHAWBURY ROAD in WEM, in the SY4 postcode district. The below map shows the position of THE RED HOUSE on SHAWBURY ROAD.