WEST LODGE, PARK ROAD, WEM, SHREWSBURY, SY4 5DA - £235,000

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

WEST LODGE is a very large extended detached house of 147m², built sometime between 1967 and 1975. It was last sold for £235,000 in January 2014, which was around 7% below the average January 2014 detached price in the Shropshire local authority area. The most recent EPC inspection was August 2014, where the current energy rating was E, and the potential energy rating was C.

WEST LODGE Sold Prices

Land registry data shows two sales for WEST LODGE 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. One of the two WEST LODGE sales was for below the average price, whilst the other was 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
2014 6 JAN	£235,000	£252,870	7% below HPI
1997 18 MAR	£117,000	£87,321	34% above HPI

WEST LODGE 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 WEST LODGE sales from March 1997 and January 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 March 1997 sale was for 34% above the HPI. So the extrapolation line tracks at 34% above the HPI over time, until the January 2014 sale, where it falls to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is WEST LODGE?

WEST LODGE is 147m², which includes one extension, according to the EPC inspection conducted in August 2014. This puts it in the largest 20% of detached houses in Wem, based on EPC data. The below chart shows the distribution of detached houses by size in Wem, and where WEST LODGE lies on this distribution: 84% of detached houses are smaller than WEST LODGE, and 16% of houses are larger. Note that EPC data is not available for all properties in Wem.

WEST LODGE: Plot and Title Map

WEST LODGE sits on a plot of roughly 0.358 of an acre, or 1,447m². The below map shows the location of WEST LODGE, 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 WEST LODGE). 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 WEST LODGE?

WEST LODGE is located on PARK ROAD in WEM, in the SY4 postcode district. The below map shows the position of WEST LODGE on PARK ROAD.