WELLSCROFT, SOULTON ROAD, WEM, SHREWSBURY, SY4 5HR - £195,000

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

WELLSCROFT is a midsized detached house of 95m², built sometime between 1950 and 1966. It was last sold for £195,000 in April 2016, which was around 30% below the average April 2016 detached price in the Shropshire local authority area. The most recent EPC inspection was May 2013, where the current energy rating was D, and the potential energy rating was C.

WELLSCROFT Sold Prices

Land registry data shows two sales for WELLSCROFT 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 WELLSCROFT 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
2016 4 APR	£195,000	£277,936	30% below HPI
2007 2 MAY	£150,000	£261,027	43% below HPI

WELLSCROFT 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 WELLSCROFT sales from May 2007 and April 2016 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 May 2007 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the April 2016 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is WELLSCROFT?

WELLSCROFT is 95m² according to the EPC inspection conducted in May 2013. This puts it in the smallest 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 WELLSCROFT lies on this distribution: 47% of detached houses are smaller than WELLSCROFT, and 52% of houses are larger. Note that EPC data is not available for all properties in Wem.

WELLSCROFT: Plot and Title Map

WELLSCROFT sits on a plot of roughly 0.129 of an acre, or 523m². The below map shows the location of WELLSCROFT, 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 WELLSCROFT). 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 WELLSCROFT?

WELLSCROFT is located on SOULTON ROAD in WEM, in the SY4 postcode district. The below map shows the position of WELLSCROFT on SOULTON ROAD.